Office Unit with Private
For Sale
Contact for pricing
118 - #6 S Rogers Street Unit 6, Bloomington, IN 47404
An open-plan workspace receives natural light through three fixed windows.
Property Size378 SF
Price / SF$31.59
Days on Market10
Property Features for 118 - #6 S Rogers Street Unit 6
General Information
Standard status
Active
Size
378 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
natural light
private exterior entry
shared bathrooms
Building Details
Year Built
1985
Listing Agency:
Griffin Realty Holdings LLC
Listed By:
Donald Griffin · License #RB14026537
(812) 323-7232
Source:
Jmrealtyonline
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Griffin Realty Holdings LLC
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 378 SF office unit has an open interior that can be arranged into separate areas. Three fixed windows bring natural light into the space, and a private exterior entrance provides direct access. Bathrooms are shared with other occupants of the property.
At the northwest corner of 4th and Rogers, the unit is near the B-Line Trail, restaurants, the FAR Center for Contemporary Arts, and downtown Bloomington. Parking is available at no charge, with security lighting on site.
At the northwest corner of 4th and Rogers, the unit is near the B-Line Trail, restaurants, the FAR Center for Contemporary Arts, and downtown Bloomington. Parking is available at no charge, with security lighting on site.
Key Highlights
- 378 SF open office layout that can be divided into separate areas
- Three fixed windows provide natural light
- Private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,059
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,180
$81.2K
Cap Rate 7%
$57,986
$58.0K
Cap Rate 9%
$45,100
$45.1K
Market Conditions
NOI Build-Up for 378 SF
Gross rent
$7.1K $18.84/SF
− Vacancy
−$1.7K −$4.52/SF
EGI
$5.4K $14.32/SF
− OpEx
−$1.4K −$3.58/SF
NOI
$4.1K $10.74/SF
Area
Monroe County, IN
Vacancy
24.00%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$81,180
Cap Rate 7%
$57,986
Cap Rate 9%
$45,100
Alternative Uses
Best Use
Office B
$58.0K
$50.7K – $67.7K
NOI $4,059 @ 7.0% cap · market cap 33.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$73.9K
$64.6K – $86.2K
NOI $5,171 @ 7.0% cap · market cap 43.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,772
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan workspace receives natural light through three fixed windows.
Where is this office unit located?
The property is located at 118 - #6 S Rogers Street Unit 6 Bloomington, IN.
What are key features of this property?
This property features: 378 SF open office layout that can be divided into separate areas; Three fixed windows provide natural light; Private exterior entrance
