Print Shop Building

Office for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30803749
Status: Pending/Contingent
Building Size (RSF): 8,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $675,000
Unit Price: $79.41 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class C
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/25/2022

Overview / Comments

Print Shop with 3 Year NNN lease. Approximately 6000 sq ft on the main level & 2500 sq ft of upper level office space. Located just off 3rd Street, 1.5 miles from I69 and 1 mile from Downtown Bloomington. 6000 SF production/shop area with 2500+/- SF office space. Solid building with No Deferred Maintenance. New Roof, New AC, 3 Phase Electric with Converter. Year One Base Rent is $46,752 with $.50/SF Increases in Year Two and Year Three. (Year 1 Monthly Rent $3896, year 2 monthly rent $4250, year 3 monthly rent $4250)

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $5,880 (Annual)
Tax Value Land $106,300
Tax Value Improvements $178,100
Assessed Value - Total($) $284,400 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $5,861 (Annual)
Tax Value Land $106,300
Tax Value Improvements $176,000
Assessed Value - Total($) $282,300 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $5,834 (Annual)
Tax Value Land $106,300
Tax Value Improvements $194,500
Assessed Value - Total($) $300,800 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,814 (Annual)
Tax Value Land $106,300
Tax Value Improvements $192,300
Assessed Value - Total($) $298,600 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $5,621 (Annual)
Tax Value Land $106,300
Tax Value Improvements $196,200
Assessed Value - Total($) $302,500 (Annual)

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-32-310-011.000-005
Property Visibility: Fair
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1991
Year Renovated: 1995
Legal Description: WESTPLEX PARK LOT 7 & PT LOT 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,266 83,008 115,783
Median Age: 27.49 28.74 30.91
Households: 4,862 31,962 45,819
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