Three-Building Mixed-Use
New
For Sale
Contact for pricing
1030 W 17th St, Bloomington, IN 47404
Three separate buildings combine office, warehouse/shop, and residential components for varied commercial use.
Property Size15,750 SF
Price / SF$82.54
Days on Market4
Property Features for 1030 W 17th St
General Information
Standard status
Active
Size
15,750 SF
Property subtype
INDUSTRIAL
Building Details
Buildings
3
Listing Agency:
F.C. Tucker/Bloomington, REALTORS
(812) 336-7300
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Source:
Moodyscre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 9:12AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,261,600
$2.3M
Cap Rate 7%
$1,615,429
$1.6M
Cap Rate 9%
$1,256,444
$1.3M
Market Conditions
NOI Build-Up for 15,750 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $169,136 @ 7.0% cap · market cap 13.01%
Second Best
Flex RnD
$2.02M
$1.77M – $2.35M
NOI $141,278 @ 7.0% cap · market cap 10.87%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,469 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
