Bloomington, IN Commercial Real Estate for Sale

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Updated: Feb 5

Split-Level Office Schoolhouse

4638 E State Road 45, Bloomington, IN 47408

$735,000

4,302 sqft 1.05 AC lot

Historic Poplar Grove School building with 4,300+ sqft across two levels, freshly painted and split between 10 office spaces and common/open areas.
New carpet plus original hardwood floors and 50+ new windows for bright interior space.
Each level includes restrooms and a kitchenette; basement included in the layout.
Just over 1.05 acres with 25+ parking spots and off‑street parking.
Limited Business (LB) zoning with flexibility for uses such as daycare, office, retail, studio/gallery, massage/music therapy, counseling, and more.

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This listing looks promising.

Here's a quick look at some key insights for

4638 E State Road 45, Bloomington, IN 47408

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$46K
Annual
Mortgage

$100K
Recorded
Last Sold

Jun 2022
$440K
Property Type

Commercial Office (General)
Built 1928

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Updated: Mar 31

Three-Building Flex and Warehouse

500 S Cory Lane, Bloomington, IN 47403

$429,900

360 sqft 1.67 AC lot

1.67‑acre property on Bloomington’s west side with access from 3rd St & Cory and from 2nd St
Less than 2 minutes to I‑69
Zoned Commercial Arterial (Monroe County) with permitted uses list attached, including multi‑family dwellings and storage units
Main building is over 4,200 SF; interior needs to be finished out by the buyer to suit their needs
Pole barn and blue building are currently leased (ask for details)

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Mixed-Use Live-Work Property

1235 W Gourley Pike, Bloomington, IN 47404

$1,080,000

1.34 AC lot

New construction and a renovation-needed original home offer mixed-use flexibility near IU Stadium and visible from SR 45/46 Bypass.

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Leased Office and Retail Investment

5340 South Old State Road 37, Bloomington, IN 47403

$875,000

31,363 sqft

Two leased buildings on shared parking include office suites and a retail space with partial basement.

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Office-Warehouse Flex Facility

4700 W Innovation Drive, Bloomington, IN 47404

$1,800,000

1.73 AC lot

Move-in ready office and heated, air-conditioned warehouse setup with multiple overhead doors and ample paved parking.

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Office and Retail Buildings with Parking

5340 & 5350 S Old State Road 37, Bloomington, IN 47401

$875,000

0.72 AC lot

Two leased buildings with shared asphalt parking and five occupied suites along a highly visible south Bloomington corridor.

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Corner Lot Office Building

1815 S Walnut Street, Bloomington, IN 47401

$515,000

0.37 AC lot

Well-maintained office building with reception, seven offices, conference room, two baths, kitchenette, and nine parking spaces.

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Indiana University NNN Property

3700 W 3rd St, Bloomington, IN 47404

$2,422,000

3,186 sqft

NNN property near Indiana University with annual rent increases.

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Retail Building with Private Office

3001 N Smith Pike, Bloomington, IN 47404

$469,000

0.57 AC lot

Well-maintained retail building includes an open showroom, private office with service area, and detached storage.

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Retail and Warehouse Property with Apartment

8300 N Wayport Road, Bloomington, IN 47408

$799,000

1.51 AC lot

Two-building setup with showroom, warehouse, and an on-site apartment, with major interstate visibility and easy access.

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Bloomington Office/Retail Building For Lease

1815 S Walnut St, Bloomington, IN 47401

Contact for pricing

2,300 sqft 0.37 AC lot

Well-maintained office/retail building with high visibility and accessibility.

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Historic Schoolhouse Office Building

4638 E State Road 45, Bloomington, IN 47408

$735,000

1.05 AC lot

Freshly painted, two-level office building with updated finishes, plentiful parking, and Limited Business zoning.

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Mixed-Use Commercial Building

1409 W Kirkwood Avenue, Bloomington, IN 47404

$485,000

0.47 AC lot

4,760+/- sf commercial building with open main level, lower-level rooms, and a full walkout basement, plus 13 paved spaces.

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High-Traffic Building Site Available

2900-block South Walnut Street, Bloomington, IN 47401

$695,000

194,713 sqft 4.00 AC lot

4-acre building site with infrastructure in place, ready for development.

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Mixed-Use Redevelopment Land Site

600 & 616 S Walnut Street, Bloomington, IN 47401

$1,299,000

0.53 AC lot

Over half-acre mixed-use downtown land offered for redevelopment, sold as-is.

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Downtown Mixed-Use Corner Property

322 W 3rd Street, Bloomington, IN 47404

$1,500,000

0.20 AC lot

Two-building downtown package with showroom, office/shop space, and a second-floor apartment with private access.

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Two-Parcel Retail and Office Investment

5340-5350 S Old State Rd 37, Bloomington, IN 47401

$875,000

Two leased buildings with shared parking and high visibility along S. Old State Road 37 south of Kroger and Wendy’s.

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Professional Office Building with Private Parking

807 N College Avenue, Bloomington, IN 47404

$899,900

0.17 AC lot

Two finished office levels with multiple rooms and reception, plus an unfinished lower level and private lot with 12–13 spaces.

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Prime Retail & Office Asset

306 E Kirkwood Ave, Bloomington, IN

Contact for pricing

22,801 sqft 0.40 AC lot

Fully leased retail and office asset in downtown Bloomington, Indiana.

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Commercial Development Land with Dual Frontage

4833 W Arlington Road, Bloomington, IN 47404

$1,700,000

8.58 AC lot

Commercially zoned acreage with dual road frontage and existing structure ready for demolition or reuse.

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Retail Property in Bloomington, Indiana

2813 E 3rd St, Bloomington, IN

$6,500,000

27,767 sqft 5.45 AC lot

Retail property available for sale in Bloomington, Indiana.

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Commercial Land Ready for Building

4125 W State Road 46, Bloomington, IN 47404

$899,900

1.22 AC lot

Clear, build-ready commercial lot with utilities available and visibility along State Road 46.

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Retail Building on State Road

4235 W State Road 46, Bloomington, IN

$775,000

3,000 sqft 1.27 AC lot

Commercial/Retail building on 1.27 acres with high visibility.

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Mixed-Use Employment Land Parcel

109 S Westplex Avenue, Bloomington, IN 47404

$129,900

0.65 AC lot

0.65-acre parcel in Bloomington zoned ME for mixed-use employment, with potential for medium-scale residential and office-related uses.

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Bloomington, IN Commercial Real Estate Market Trends and Statistics

Explore 97 commercial real estate for sale in Bloomington, IN, showcased through 97 active listings on our real estate platform. These investment opportunities span a total of 349,730 square feet of properties for sale, with an estimated market value of $19,431,900.

Sale prices for business properties in Bloomington, IN start at $375,000, averaging $1,619,325, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 129K

Population Growth (5Y) +5.6%

Median Household Income $60,732

College Educated 52.2%

High-Yield Neighborhoods for Investment

Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Aurora	$450K
Bloomington	$1M

Taxes & Financing

Tax Rate (average for all types) 1.09%

Property Tax per SF $17.52 per SF

Tax Rate vs County Average 0.08 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monroe County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Monroe County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Bloomington fall within the 10,000 to 25,000 square foot range.

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