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    803 Madison St Bloomington, IN 47403

    For Sale
    $675,000

    7,000 SF Warehouse, Excellent Condition

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 7,000-square-foot commercial building presents a rare opportunity in Bloomington, Indiana. Situated on a sizable 0.38-acre lot at 803 S Madison Street, this property boasts a generous footprint of 70 feet by 100 feet, offering ample space for a variety of commercial uses. The building is fully air-conditioned, ensuring year-round comfort. A significant advantage is the inclusion of a loading dock, simplifying logistics and enhancing operational efficiency. The robust electrical system features heavy power (800 amp, three-phase, 120/208), catering to businesses with substantial power demands. Safety is prioritized with a fully installed wet sprinkler system throughout the building. The open interior design is further enhanced by the absence of interior columns, maximizing usable space and providing flexibility for layout configurations. High ceilings add to the spacious feel, ranging from a peak of approximately 17 feet to an eave height of approximately 15.5 feet, with ductwork at approximately 10.25 feet. The building is in excellent condition, minimizing upfront capital expenditures and allowing for immediate occupancy. This property represents a compelling investment opportunity in a desirable Bloomington location. The combination of size, features, and condition makes this an exceptional offering for discerning buyers.

    Property Features for 803 Madison St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1985
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.53716
    Latitude
    39.15824

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    FAQs

    What type of property is this?
    Commercial real estate - 7,000 SF Warehouse, Excellent Condition
    Where is this commercial real estate located?
    The property is located at 803 Madison St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $675,000.
    (812) 822-1122
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    803 Madison St Bloomington, IN 47403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    803 Madison St Bloomington, IN 47403
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