1600 W Bloomfield Road, Bloomington, IN 47403
Office, Medical/Dental,Office/Showroom - Bloomington, IN
- Added:
- Jun 13, 2025
- Days on Market:
- 366
- Last Refresh:
- Jun 13 at 9:06 pm
Property Features for 1600 W Bloomfield Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen, Office
- Parking features
- Paved or Surfaced
- Interior features
- Drywall, Office Space, Public Restrooms, Reception Area
- Exterior features
- Office Space, Public Restrooms, Reception Area
- Standard status
- Active
- APN
- 53-08-06-104-062.000-009
- Size
- 28,077 SF
- Lot size
- 2.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2025
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2004
- Floors in Building
- 3
- Flooring type
- Carpet, Laminate
- Roof type
- Metal
- Architectural style
- Other
Listing agent Chris Cockerham License #RB14027897 (812) 340-3083
Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN (812) 336-7300
Listing date Jun 13, 2025
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.
HighLights
- High‑quality, flexible office building suitable for professional, medical, or institutional users.
- Convenient location just 3 minutes from I‑69 with private on‑site parking.
- Significant capital improvements, including a $220,000 solar panel installation, new chiller and HVAC units, and renovated tenant suites.
- Main and lower levels have separate, handicap‑accessible entrances for efficient multi‑tenant use.
- Gas‑powered backup electricity generators for power reliability.
- Each floor is equipped with kitchenettes.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $529.0k | $18.84 |
| − Vacancy | −$127.0k | −$4.52 |
| EGI | $402.0k | $14.32 |
| − OpEx | −$100.5k | −$3.58 |
| NOI | $301.5k | $10.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.560239
- Latitude
- 39.157204
