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    123 S Franklin Rd Bloomington, IN 47404

    For Sale
    $2,900,000

    Mixed Use - Bloomington, IN

    Type:Mixed Use
    Lot size:
    1.02 Acres
    Days on Market:
    312
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 123 S Franklin Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    53-05-31-300-007.000-005
    Parking
    40
    Interior features
    Drywall, Single Phase, Handicap Access, Over 440 Volts, Office Space, Public Restrooms, Reception Area, Ventilating/Exhaust Fans
    Exterior features
    Single Phase, Handicap Access, Over 440 Volts, Office Space, Public Restrooms, Reception Area, Ventilating/Exhaust Fans
    Accessibility
    Accessible Approach with Ramp
    Lot size
    1.02 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Other, Stone
    Roof type
    Asphalt
    Architectural style
    Other

    Century 21 Scheetz (317) 844-5111

    Listing agent Isaac Redden (812) 336-2100 License #RB14047983

    Listing date Jan 28, 2025

    MLS# 202440463 Listing URL

    Copyright © 2025 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.

    Overview

    Bloomington Office Building For Sale

    This 5,494 square-foot office building is located on Bloomington's west side, offering a prime location with high visibility and road frontage. The mixed-use building has undergone multiple updates and renovations. The property includes 30,000 square feet of site pavement and is situated on a 1.02-acre lot. The building is currently leased by MedExpress under a triple net lease, with several years remaining and options to extend.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    VetCheck Pet Urgent Care Center Bloomington

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.570569
    Latitude
    39.165362

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    FAQs

    What type of property is this?
    Medical office - 5,494 SF mixed-use office building with prime location and visibility.
    Where is this medical office located?
    The property is located at 123 S Franklin Rd Bloomington, IN.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Triple net lease in place with MedExpress and several years remaining with options to extend.; - Prime West-Side location with high visibility and road frontage.; - **5,494 SF Mixed-Use Office Building** with multiple updates and renovations.
    (812) 336-2100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 S Franklin Rd Bloomington, IN 47404
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