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
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

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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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