Downtown Rental Investment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30807800 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Status: |
Proposed |
| Building Size (RSF): |
9,879 SF
|
| Gross Land Area: |
0.34 Acres
|
| Sale Price: |
$2,900,000 |
| Unit Price: |
$293.55 PSF |
| Ceiling: |
12 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/12/2023 |
Overview / Comments
|
Downtown retail & apartment building with adjacent parking lot and storage units for sale. Property features two street level retail spaces (+/- 2,000 SF each), both with large open display area with large windows facing busy S. Walnut St. Building also has two main level apartments as well as 4 other second level apartments; features a mix of 1 bedroom/2 baths & 2 bedroom/2 baths. Building is fully leased with the opportunity to generate additional income from 23 storage units, (1) 2 car garage and 18 parking spaces. LL pays water/sewer and common area electricity. Tenants responsible for gas & electric on separate meters.
|
Additional Details
| Nearest MSA: |
Bloomington |
| County: |
Monroe |
| Tax ID/APN: |
53-08-04-200-176.000-009 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Other |
| Property Located Between: |
W 1st ST & W Smith St. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
S. Walnut St. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1927 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
18 |
| Parking Type: |
Surface |
| Parking Description: |
Private, paved lot. By resident permit only, no public parking. |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Mixed-Use Downtown |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
015-52340-00 Seminary L21 & 015-17170-00 Seminary Pt Lot 21
|
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
26,954 |
85,142 |
113,878 |
| Median Age: |
23.98 |
28.62 |
30.85 |
| Households: |
8,690 |
33,446 |
45,040 |
|
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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.
|
