Triple-Net Medical Office
For Sale
$2,900,000
123 S Franklin Road, Bloomington, IN 47404
COMMERCIAL - Bloomington, IN
Property Size5,494 SF
Lot Size1.02 Acres
Price / SF$527.85
Days on Market671
Property Features for 123 S Franklin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
W 3rd street turn N on Franklin, property is located on the right.
Subdivision
Monroe County
Standard status
Active
APN
53-05-31-300-007.000-005
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
013-28660-00 PT SW SW 31-9-1W 1.021A PLAT 24
Tax Annual Amount
22346
Legal Description
013-28660-00 PT SW SW 31-9-1W 1.021A PLAT 24
Utilities
Cooling system
Central Air
Building Details
Year built
1993
Flooring type
Carpet, Tile
Roof type
Asphalt
Listing Agency:
Century 21 Scheetz - Bloomington · Century 21 Real Estate
(812) 336-2100
Listed By:
Isaac Redden · License #RB14047983
(812) 325-5080
Added: Oct 18, 2024
Changed: Aug 4
Last Checked: Aug 19 at 12:06AM
MLS# 202440463
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.
5,494 SF office building on Bloomington’s west side with a mixed-use configuration. The property includes multiple updates and renovations and features 30,000 square feet of site pavement. Interior finishes include tile and carpet, with central air and an asphalt roof.
The building is currently leased by MedExpress under a triple net lease with several years remaining, along with options to extend. The property sits on a 1.02-acre lot at 123 S Franklin Road in Bloomington (Monroe County), supporting day-to-day office use for a qualified tenant.
With its triple net structure and existing medical tenant, the building may appeal to buyers seeking a stabilized medical office investment in Bloomington’s west-side market.
The building is currently leased by MedExpress under a triple net lease with several years remaining, along with options to extend. The property sits on a 1.02-acre lot at 123 S Franklin Road in Bloomington (Monroe County), supporting day-to-day office use for a qualified tenant.
With its triple net structure and existing medical tenant, the building may appeal to buyers seeking a stabilized medical office investment in Bloomington’s west-side market.
Key Highlights
- 5,494 SF office building on a 1.02‑acre lot
- Currently leased by MedExpress under a triple net lease with several years remaining and extension options
- 30,000 square feet of site pavement
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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- VetCheck Pet Urgent Care Center Bloomington — 3251 W 3rd St, Bloomington, IN 47404
Frequently Asked Questions
What type of property is this?
Medical Office Space - Triple-net medical office building with central air and asphalt roof, currently leased by MedExpress.
Where is this medical office space located?
The property is located at 123 S Franklin Road 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: 5,494 SF office building on a 1.02‑acre lot; Currently leased by MedExpress under a triple net lease with several years remaining and extension options; 30,000 square feet of site pavement
