322 W 3Rd St Bloomington, IN 47404
For Sale
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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.
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.