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    227 W Grimes Ln Bloomington, IN 47403

    For Lease
    $10 SF/Yr ($6,545 /Mo)

    Industrial - Bloomington, IN

    Type:Industrial
    Property size:
    7,854 SF
    Lot size:
    6.03 Acres
    Days on Market:
    171
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 227 W Grimes Ln

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Standard status
    Active
    APN
    53-08-04-300-045.000-009
    Parking features
    Off Street, Other, Paved or Surfaced
    Interior features
    Drywall, None
    Size
    7,854 SF
    Lot size
    6.03 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    RE/MAX REALTY PROFESSIONALS (BLOOMINGTON) (812) 323-1231 [email protected]

    Listing agent Jim Regester (812) 323-1231 License #RB14012351

    Listing date Jun 18, 2025

    MLS# 202514668 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/Studio Building For Rent

    The property is a 6,000 square foot office/studio building located just off Walnut Street in Bloomington, Indiana. The building contains 6,000 square feet of office space, which includes 14 offices, a conference room, a break room, and 2 restrooms. The space is equipped with multiple high-efficiency gas furnaces. The gross rent includes all triple net costs, including real estate taxes. Utility costs are estimated to average $1.22 per square foot. The property will be available Summer-Fall 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.535308
    Latitude
    39.152958

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    FAQs

    What type of property is this?
    Office building - 6,000 SF office/studio building available Summer-Fall 2025.
    Where is this office building located?
    The property is located at 227 W Grimes Ln Bloomington, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - 6,000 sq ft office/studio space available.; - All triple net costs included in gross rent for easy budgeting.; - Includes 14 offices, conference room, and break room.
    (812) 323-1231
    Request Owner's contact information
    227 W Grimes Ln Bloomington, IN 47403
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    Bloomington, IN 47403
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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
    227 W Grimes Ln Bloomington, IN 47403
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