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Finished Office Unit
For Lease
$14 SF/Yr Modified Gross

532 S College Avenue, Bloomington, IN 47403

COMMERCIAL FOR LEASE, Bloomington, IN

Space SizeContact for details
Lot Size4.00 Acres
Days on Market124

Property Features for 532 S College Avenue

General Information

Property type Residential
Property subtype Office
Zoning description MD-DG
Lot features City
Directions From W 2nd St, turn onto S College Ave
Subdivision Monroe County
Standard status Active
APN 53-08-04-215-005.000-009
Lot size 4.00 Acres

Taxes and HOA fees

Tax Description MCCSC Sub Div Lots 9-17
Legal Description MCCSC Sub Div Lots 9-17

Utilities

Cooling system Central Air

Amenities

reception area
clerical areas
breakroom
restroom

Building Details

Year built 1980
Flooring type Carpet
Roof type Flat
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: John West · License #RB14012678
Added: May 6 Changed: Aug 20 Last Checked: Sep 6 at 12:06AM
MLS# 202616815

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 finished office unit provides a practical mix of front-of-house and work areas, including a reception area, 2 private offices, clerical areas, a breakroom, and a restroom. Carpet flooring and central air conditioning are in place, with the building originally constructed in 1980 and featuring a flat roof.

The premises are located at 532 S College Avenue in Bloomington, Indiana, within a 4-acre property. Lease terms call for a modified gross structure, with gas identified as the only additional tenant expense. Possession is negotiable, and a 2-year minimum base term is preferred.

Key Highlights

  • Finished office layout with reception area, 2 private offices, clerical areas, breakroom, and restroom
  • Central air conditioning and carpet flooring
  • Modified gross lease structure

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

2,590
Businesses Nearby

Demographics for 47403, IN

33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value

Market

Lease Benchmarks for Bloomington, IN

$20.02 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
2,028 SF
Avg Space Size

This space is priced 30% below the average of $20.02 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Configured office space includes reception, private offices, clerical areas, a breakroom, and a restroom.
Where is this office units located?
The property is located at 532 S College Avenue Bloomington, IN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Finished office layout with reception area, 2 private offices, clerical areas, breakroom, and restroom; Central air conditioning and carpet flooring; Modified gross lease structure
More about this property
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