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Leased Hospitality Property with 21 Rooms

1000 & 1002 E Atwater Avenue Bloomington, IN 47401

1000 & 1002 E Atwater Avenue, Bloomington, IN, 47401
$2,600,000
For Sale
$2,600,000

COMMERCIAL - Bloomington, IN

Lot Size0.20 Acres
Days on Market636

Property Features for 1000 & 1002 E Atwater Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Standard status
Active
APN
53-08-04-102-032.000-009
Lot size
0.20 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
ELM HEIGHTS LOT 24
Tax Annual Amount
27949

Utilities

Cooling system
Central Air

Building Details

Year built
1920
Flooring type
Mixed
Roof type
Shingle
Listing agency Brawley Real Estate
Listed by Jeff Brawley · License #RB14041028
Added: Oct 25, 2024 Updated: Jul 6 at 4:06PM Checked: Jul 22 at 1:06AM
MLS# 202441429

Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

1000 & 1002 E Atwater Avenue present a for-sale, fully leased hospitality investment consisting of two buildings totaling 21 rooms combined. The property is currently generating monthly rent of $20,475, with scheduled rent increasing to $21,840 in August 2025. Leases are secured through July 2026, providing dependable income through that period.

The buildings are positioned in Bloomington, IN near the Indiana University campus. Additional convenience is supported by ample off-street parking for residents and guests.

For buyers seeking an income-producing property with an in-place lease structure, 1000 & 1002 E Atwater Avenue combines multi-room hospitality operations across two buildings with a clearly defined lease term through mid-2026.

Key Highlights

  • Two fully leased buildings at 1000 & 1002 E Atwater Avenue (combined 21 rooms)
  • Monthly rent $20,475, increasing to $21,840 in August 2025
  • Leases secured through July 2026

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bed & breakfasts

Suggested Use

(Bike/Boat/Book/etc) Store HVAC Service (Bike/Boat/Book/etc) Store Locksmith Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Butcher (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Grant Street Inn — 310 N Grant St, Bloomington, IN 47408
  • The Trap at Wylie & Washington — bloomington, in 47401
  • Amy Reif — 852 w, bloomington, in 47405
  • Suite Bloomington — 106 n college ave, bloomington, in 47404

FAQs

What type of property is this?
Bed & breakfast - Two fully leased buildings offer 21 total rooms, off-street parking, and leases in place through July 2026.
Where is this bed & breakfast located?
The property is located at 1000 & 1002 E Atwater Avenue Bloomington, IN.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two fully leased buildings at 1000 & 1002 E Atwater Avenue (combined 21 rooms); Monthly rent $20,475, increasing to $21,840 in August 2025; Leases secured through July 2026
Contact an agent
More about this property
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