Standalone School and Office
525 W 17th Street Bloomington, IN 47404
525 W 17th Street, Bloomington, IN, 47404
$1,200,000
For Sale
Under Contract
$1,200,000
COMMERCIAL - Bloomington, IN
Property Size7,140 SF
Lot Size0.90 Acres
Price / SF$168.07
Days on Market372
Property Features for 525 W 17th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active Under Contract
- APN
- 53-05-32-106-043.000-005
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 013-37010-00 Dolan Lots 31, 33, 35 & Pt Lot 37
- Tax Annual Amount
- 12260
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Laminate, Carpet
- Roof type
- Shingle
Listing agency
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed by
Chris Cockerham · License #RB14027897
(812) 340-3083
Added: Jul 16, 2025 Updated: Jul 6 at 4:14PM Checked: Jul 22 at 1:06PM
MLS# 202527646
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 7,140 square foot standalone building previously operated as a private preparatory school and is designed with a flexible, ready-to-use layout. The property includes kid-oriented infrastructure that can support childcare and educational programming, while the existing configuration also lends itself to office or community uses. The building sits on a 0.9-acre lot, offering room for day-to-day operations and on-site needs.
Located at 525 W 17th Street in Bloomington, Indiana, the property is positioned in a convenient Bloomington area. Its standalone nature supports independent access and use, while the prior education function means many of the internal improvements are already aligned with learning and supervision environments.
For prospective buyers, this asset fits well for organizations seeking a functional, conversion-friendly facility. Daycare operators, charter or nonprofit education groups, and entities looking to repurpose a school building into office or community space can evaluate the existing layout and school-focused infrastructure to support their program from day one.
Located at 525 W 17th Street in Bloomington, Indiana, the property is positioned in a convenient Bloomington area. Its standalone nature supports independent access and use, while the prior education function means many of the internal improvements are already aligned with learning and supervision environments.
For prospective buyers, this asset fits well for organizations seeking a functional, conversion-friendly facility. Daycare operators, charter or nonprofit education groups, and entities looking to repurpose a school building into office or community space can evaluate the existing layout and school-focused infrastructure to support their program from day one.
Key Highlights
- 7,140 SF standalone building previously used as a private preparatory school
- Flexible interior layout designed to support educational, childcare, office, or community use
- Central air conditioning and laminate and carpet flooring
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 | $134.5k | $18.84 |
| − Vacancy | −$32.3k | −$4.52 |
| EGI | $102.2k | $14.32 |
| − OpEx | −$25.6k | −$3.58 |
| NOI | $76.7k | $10.74 |
7,140 SF · lease $18.84/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$958.4K – $1.28M
NOI $76,675 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,679 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Schools
Similar For Sale Nearby
FAQs
What type of property is this?
School - Standalone building with flexible, school-ready layout suitable for education, childcare, office, or community use.
Where is this school located?
The property is located at 525 W 17th Street Bloomington, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,140 SF standalone building previously used as a private preparatory school; Flexible interior layout designed to support educational, childcare, office, or community use; Central air conditioning and laminate and carpet flooring
