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Property profile & analytics
FOR SALE
Commercial real estate

322 W 3Rd St Bloomington, IN 47404

6,435 SF 0.14 ac lot Built 1935
Individually Owned 6-yr Hold Free & Clear
Property ID
US31-1231295
Property summary
AI-generated overview

This exceptional commercial property, located at 322 W 3rd Street in the heart of Bloomington, Indiana, presents a unique investment opportunity. The property encompasses two buildings situated on a 0.2-acre lot, offering a combined total of approximately 8,808 square feet of versatile space. Its prime downtown location provides easy access to the B-Line trail and all the vibrant amenities the city center offers. The corner building boasts a well-designed layout including a dedicated display room, office space, and a functional shop area, ideal for retail or service-based businesses. The second building adds further value with a partial basement, providing ample storage or additional workspace. A highlight of this building is its stunning showroom, featuring large windows that flood the space with natural light and beautiful hardwood floors. This showroom is complemented by additional shop space, creating a flexible and adaptable environment. Adding to the property's appeal is a second-floor apartment with its own private access, offering potential for rental income or owner occupancy. The property is zoned MD/DC, and detailed zoning information is available in the provided documents. A virtual tour is available for a comprehensive view of this remarkable property. This is an excellent opportunity to acquire a substantial commercial property in a thriving downtown area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1935
Construction WOOD
Total area 6,435 SF
Lot 0.14 ac (6,098 SF)
APN 53-05-33-310-076.000-005
UPID US31-1231295
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Boyd A Fox · 6 yrs held
Boyd A Fox
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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