Downtown Bloomington Investment Opportunity
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: |
30854025 |
| Property Subtypes: |
Day Care Facility
|
| Building Size (RSF): |
8,326 SF
|
| Sale Price: |
$1,795,900 |
| Unit Price: |
$215.70 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/27/2023 |
Overview / Comments
|
Prime investment opportunity situated near the IU Stadium, positioned at the coveted intersection of North Walnut and 15th St. This exceptional property boasts a spacious 4/10ths-acre parcel of land adorned with a meticulously renovated building spanning over 8000 square feet. Currently under lease to the Bloomington Center for Growing Culturally, the base lease is set to conclude on October 30th, 2025. Recent enhancements have significantly elevated the property's value, including the installation of four brand-new AC units, a partial roof replacement, and the successful conversion of drop ceiling lights to energy-efficient LED lighting. Moreover, an alternative investment property encompassing 4/10ths of an acre stands as an enticing prospect for those seeking diverse investment avenues.
|
Additional Details
| Nearest MSA: |
Bloomington |
| County: |
Monroe |
| Tax ID/APN: |
53-05-33-204-123.000-005 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1961 |
| Legal Description: |
013-39880-00 KENWOOD LOTS 105 & 106 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,147 |
75,430 |
115,874 |
| Median Age: |
22.32 |
27.67 |
31.11 |
| Households: |
7,493 |
29,156 |
45,932 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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