3695 State Rd 45, Bloomington, IN 47403-5110
For Sale
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This exceptional commercial property, situated on 0.78 acres at 3695 W State Road 45 in Bloomington, Indiana, presents a compelling investment opportunity. The building boasts approximately 5,280 square feet and enjoys excellent visibility from the street, benefiting from its prime location directly across from a Walmart. This high-traffic area ensures consistent exposure and potential for strong returns. Currently leased at $14 per square foot, triple net (NNN), the existing lease agreement extends until January 1st, 2025, providing immediate income generation and a stable investment. The property's strategic positioning on State Road 45 offers unparalleled access and visibility, making it an ideal location for a variety of commercial ventures. The substantial lot size provides ample space for potential expansion or future development. This property is a rare find, combining a strong existing lease with a highly desirable location, making it an attractive option for investors seeking a stable and profitable investment in a thriving Bloomington market. The asking price is $765,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.