Retail Building with Private
3001 N Smith Pike Bloomington, IN 47404
3001 N Smith Pike, Bloomington, IN, 47404
$469,000
For Sale
$469,000
COMMERCIAL - Bloomington, IN
Property Size1,800 SF
Lot Size0.57 Acres
Price / SF$260.56
Days on Market11
Property Features for 3001 N Smith Pike
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 53-04-24-200-180.000-011
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 007-12600-00 Grubb Smith Lot 1
- Tax Annual Amount
- 5457
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Dohman Team
(812) 606-0136
3500 W Maple Grove Rd, Bloomington, IN
Listed by
Craig Dohman · License #RB17001882
(812) 606-0136
Added: Jul 9 Checked: Jul 19 at 7:06 am
MLS# 202627392
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.
This well-maintained retail building offers an open-span showroom measuring 48' x 21', along with a 10' x 13' private office that includes a service counter and sink. A similarly sized kitchen area is equipped with a range and refrigerator, and the building provides ample storage throughout. The property also includes a front checkout area with retail shelving and a detached storage building located behind the main structure.
The site provides ample on-site parking and two ingress/egress access points, with great signage in a highly visible location surrounded by established residential neighborhoods. The sale includes a 2-way liquor license and tobacco license. The property is zoned CD (Community Development), which allows a variety of commercial uses, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility, among others.
The site provides ample on-site parking and two ingress/egress access points, with great signage in a highly visible location surrounded by established residential neighborhoods. The sale includes a 2-way liquor license and tobacco license. The property is zoned CD (Community Development), which allows a variety of commercial uses, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility, among others.
Key Highlights
- Well‑maintained 1,800+/- SF retail building built in 1988 with central air and concrete flooring
- Metal roof; constructed with a solid steel frame by Graber
- Open‑span 48' x 21' showroom plus 10' x 13' private office with service counter and sink
Local Financial Insights For Retail
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 | $36.1k | $20.04 |
| − Vacancy | −$1.6k | −$0.88 |
| EGI | $34.5k | $19.16 |
| − OpEx | −$10.3k | −$5.75 |
| NOI | $24.1k | $13.41 |
1,800 SF · lease $20.04/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$344.8K
$301.7K – $402.3K
NOI $24,139 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Well-maintained retail building includes an open showroom, private office with service area, and detached storage.
Where is this storefront property located?
The property is located at 3001 N Smith Pike Bloomington, IN.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Well‑maintained 1,800+/- SF retail building built in 1988 with central air and concrete flooring; Metal roof; constructed with a solid steel frame by Graber; Open‑span 48' x 21' showroom plus 10' x 13' private office with service counter and sink
