Downtown Office/Development Opportunity
Office
for Sale
| Catylist Listing ID: |
30810191 |
| Property Subtypes: |
Executive Suites, Institutional, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development
|
| Building Size (RSF): |
6,120 SF
|
| Gross Land Area: |
0.57 Acres
|
| Sale Price: |
$1,725,000 |
| Unit Price: |
$281.86 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/28/2023 |
Overview / Comments
Downtown office building in excellent condition available for sale. This property features +/- 6,120 SF and a private parking lot with 25 spaces. The current building, is ideal for an owner/occupied space, has potential to be divided into multiple tenants or residents, and has many updates. Appealing to the eye, the building has several conference rooms, private offices, and space for a large cubicle area or cooperative workspace. This site, which includes 3 parcels, is an ideal redevelopment opportunity adjacent to the B-Line trail and the Hopewell Development site. The central location provides for easy access to downtown Bloomington and all its local amenities. Recently Rezoned to Mixed-Use Medium Scale
*New Zoning allows for 33 additional permitted uses.
|
Additional Details
| Nearest MSA: |
Bloomington |
| County: |
Monroe |
| Tax ID/APN: |
53-08-04-200-225.000-009 |
| Zoning: |
MIXED-USE MEDIUM SCALE |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,050 SF |
| Year Built: |
1977 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
Private, paved lot |
| Total Parking Spaces: |
25 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Mixed-Use Neighborhood Scale |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
015-32740-00 Seminary Pt Lot 9; & 10 015-28200-00 Sem Pt (142.5'x 109') Lots 9 & 10 See 015-28201-00 For Portion In Section 4-8-1w 015-28201-00 Seninary PT Lots 9 & 10 See 015-28200-00 for portion in Section 5-8-1W |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,024 |
83,568 |
113,878 |
| Median Age: |
25.77 |
28.41 |
30.85 |
| Households: |
10,097 |
32,750 |
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.
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