Mixed-Use Building with
For Sale
Under Contract
$635,000
1108 W 8th Street, Bloomington, IN 47404
COMMERCIAL, Bloomington, IN
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$158.75
Days on Market51
Property Features for 1108 W 8th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
City, Near College Campus, Near Walking Trail
Directions
Last building on W 8th Street.
Subdivision
Monroe County
Standard status
Active Under Contract
APN
53-05-32-403-066.000-005
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
013-51755-00 Fairview Lots 59 & 61
Legal Description
013-51755-00 Fairview Lots 59 & 61
Utilities
Cooling system
Central Air
Amenities
kitchen
storage room
Building Details
Year built
1981
Flooring type
Carpet, Laminate
Roof type
Metal
Listing Agency:
Sterling Real Estate
(812) 333-1966
Listed By:
Heather Groves · License #RB15001614
(812) 606-4239
Added: Sep 15
Changed: Oct 16
Last Checked: Nov 4 at 8:06AM
MLS# 202638075
Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 1108 W 8th Street provides approximately 4,000 square feet of commercial space on a 0.5-acre parcel. The interior includes two offices, a single-stall restroom, a second restroom with three stalls and sinks, a kitchen, storage room, and a large open area. Off-street parking includes 12 dedicated spaces.
Improvements completed over the past 6 years include a rebuilt parking lot, repaired exterior walls, new exterior and interior paint, updated kitchen cabinetry and countertops, new flooring, electrical enhancements with LED lighting and additional outlets, 2 new HVAC systems, replacement windows, and a new metal roof with gutters. The property was built in 1981 and is located in Bloomington, Indiana.
Improvements completed over the past 6 years include a rebuilt parking lot, repaired exterior walls, new exterior and interior paint, updated kitchen cabinetry and countertops, new flooring, electrical enhancements with LED lighting and additional outlets, 2 new HVAC systems, replacement windows, and a new metal roof with gutters. The property was built in 1981 and is located in Bloomington, Indiana.
Key Highlights
- Approximately 4,000 square feet on 0.5 acres
- 12 dedicated off‑street parking spaces
- Two offices, kitchen, storage room, and large open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,320
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,400
$686.4K
Cap Rate 7%
$490,286
$490.3K
Cap Rate 9%
$381,333
$381.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$62.4K $15.60/SF
− Vacancy
−$7.5K −$1.87/SF
EGI
$54.9K $13.73/SF
− OpEx
−$20.6K −$5.15/SF
NOI
$34.3K $8.58/SF
Area
Monroe County, IN
Vacancy
12.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,400
Cap Rate 7%
$490,286
Cap Rate 9%
$381,333
Alternative Uses
Best Use
Mixed Use
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.7K
$684.0K – $912.0K
NOI $54,722 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 47404, IN
23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with offices, two restrooms, kitchen, storage, and a large open area.
Where is this mixed-use property located?
The property is located at 1108 W 8th Street Bloomington, IN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Approximately 4,000 square feet on 0.5 acres; 12 dedicated off‑street parking spaces; Two offices, kitchen, storage room, and large open area
