Building Details

Buildings 3

Listing Agency: F.C. Tucker/Bloomington, REALTORS Show Phone

Listed By: Chris Cockerham · License #RB14027897 Show Phone

Source: Moodyscre

Added: Sep 2 Changed: Oct 1 Last Checked: Oct 23 at 6:57AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker/Bloomington, REALTORS

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Investment Insights

Based on property information with market context.

This mixed-use property comprises three separate buildings with a combined 15,750 square feet of space. The improvements include office areas, a warehouse/shop component, and residential space, creating a combination of administrative, operational, and living accommodations within one property.

Located at 1030 W 17th St in Bloomington, Indiana, the property may suit an owner-user, investor, contractor, service business, or company seeking office and operational space together. The multi-building layout allows the different components to function as distinct areas while remaining part of the same offering.

Key Highlights

• 15,750 square feet across three separate buildings
• Combination of office, warehouse/shop, and residential space
• Located at 1030 W 17th St in Bloomington, Indiana

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,080

Cap Rate

8.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,261,600 $2.3M

Cap Rate 7%

$1,615,429 $1.6M

Cap Rate 9%

$1,256,444 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,750 SF

Gross rent

$149.3K $9.48/SF

− Vacancy

−$16.3K −$1.03/SF

EGI

$133.0K $8.45/SF

− OpEx

−$20.0K −$1.27/SF

NOI

$113.1K $7.18/SF

Area

Monroe County, IN

Vacancy

10.90%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,261,600

Cap Rate 7%

$1,615,429

Cap Rate 9%

$1,256,444

Alternative Uses

Best Use

Office B

$2.42M

$2.11M – $2.82M (±1% cap)

NOI $169,136 @ 7.0% cap · market cap 13.01%

Second Best

Flex RnD

$2.02M

$1.77M – $2.35M (±1% cap)

NOI $141,278 @ 7.0% cap · market cap 10.87%

Theoretical Best

Office A

$3.08M

$2.69M – $3.59M (±1% cap)

NOI $215,469 @ 7.0% cap · market cap 16.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Furniture & Home Goods Auto Parts Store Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Dental Office

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

Location Intelligence

Trade Area within ½ mile

471

Businesses Nearby

Explore this area Business Placement

Demographics for 47404, IN

23,799

Population

12,101

Households

2

Avg Household Size

33

Median Age

43%

College-Educated

95%

High-School Grad

52.6 sq mi

ZIP Area

452

Density / Sq Mi

$54,674

Median Household Income

$36,725

Median Earnings

$1,159

Median Rent

$243,500

Median Home Value

Market

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three separate buildings combine office, warehouse/shop, and residential components for varied commercial use.

Where is this mixed-use property located?

The property is located at 1030 W 17th St Bloomington, IN.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 15,750 square feet across three separate buildings; Combination of office, warehouse/shop, and residential space; Located at 1030 W 17th St in Bloomington, Indiana