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    608 Dunn St Bloomington, IN 47408

    For Sale
    $1,365,000

    Prime IU location, strong rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional three-story commercial building at 608 N Dunn Street in Bloomington, Indiana presents a compelling investment opportunity. Situated on a 0.08-acre lot, this property boasts a unique blend of commercial and residential spaces, maximizing income potential. Currently featuring one commercial unit and six residential units, the property is strategically located just blocks from Kirkwood Avenue and within easy walking distance of Indiana University's campus. This prime location ensures high occupancy rates and strong rental demand, particularly among students. The building is well-maintained and offers a desirable rooftop deck, providing tenants with an attractive outdoor amenity. The property is pre-leased, generating immediate cash flow. Current monthly rent stands at $8,900, with scheduled increases to $9,200 in August 2025 and $10,010 in August 2026, ensuring consistent and growing returns. The lease extends until July 2027, providing long-term financial stability. This turnkey investment offers a rare combination of immediate income, future appreciation potential, and a highly sought-after location in a thriving college town. The property is priced at $1,365,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio.

    Property Features for 608 Dunn St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    2018
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5281
    Latitude
    39.17206

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    FAQs

    What type of property is this?
    Commercial real estate - Prime IU location, strong rental income.
    Where is this commercial real estate located?
    The property is located at 608 Dunn St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $1,365,000.
    (812) 336-6888
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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
    608 Dunn St Bloomington, IN 47408
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