Bloomington, IN Creative space for sale

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: May 28

Renovated Restaurant and Event Building

419 N WALNUT ST, Bloomington, IN 47401

$1,570,000

8,273 sqft

Approximately 8,300 SF downtown Bloomington commercial building in the MD‑DC (Mixed‑Use Downtown Core) zone
Extensive renovations include a newer rubber roof, updated HVAC systems and ductwork, and fire suppression improvements
Renovated restrooms plus upgraded electrical and plumbing systems
Commercial kitchen infrastructure with multiple walk‑in coolers and overhead garage door access
Flexible open‑span interior with minimal columns, plus private office space with full bath and a laundry area

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Bloomington, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Versatile Flex Office Corner Property

2108 Central Parkway, Cincinnati, OH 45214

$990,000

17,774 sqft

Corner property with ample parking and three-street access for flexible office or construction headquarters use.

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Single-Level Office Building with Patio

908 Minoma Avenue, Louisville, KY 40217

$625,000

3,061 sqft

Single-level office with private patio, abundant natural light, and multiple offices suited for professional and specialty uses.

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Renovated Mixed-Use Property in Northside

4000 Colerain Ave, Cincinnati, OH 45223

Contact for pricing

2,000 sqft

Recently renovated mixed-use property in the heart of Northside.

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Mixed-Use Building with Creative Space

307 W Muhammad Ali Blvd, Louisville, KY 40202

$2,400,000

39,900 sqft

39,900 SF mixed-use building featuring creative office and retail space.

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Bloomington, IN Creative Space Market Trends and Statistics

Explore 2 creative space for sale in Bloomington, IN on our real estate platform. These investment opportunities span a total of 12,575 square feet of properties for sale, with an estimated market value of $2,305,000.

Sale prices for creative space in Bloomington, IN start at $735,000, averaging $1,152,500, and reaching up to $1,570,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
47401	$1.6M

Neighborhood

Average Price

47401

$1.6M