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$ 1,590,900
Est. payment | /mo
0.4 Acres Lot
$ 1,590,900
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Northeast Bloomington City
MLS Listing ID 202330595
Year Built 1961
Annual Tax Amount $1,062
Tax Year 2023
Lot Size 0.400 Acres
Property Sub-Type Office
Property Description
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 lease is set to conclude on October 31st, 2025, however, Tenant has two one-year options to renew. 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.
Location
State IN
County Monroe County
Area Monroe County
Zoning MM - Mixed-Use Medium-Scale
Direction Northwest corner of North Walnut & 15th Street.
Interior
Flooring Carpet, Tile
Appliance Building, Furniture
Laundry , 26
Exterior
Roof Type Asphalt
Total Parking Spaces 26
Building
Story 2
New Construction No
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202330595
IDX information provided by the Indiana Regional MLS
Listed by Jim Regester • RE/MAX Realty Professionals • Offc: 812-323-1231