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    306 E Kirkwood Ave Bloomington, IN 47404

    For Sale
    Contact for pricing

    Fully leased retail and office asset in downtown Bloomington, Indiana.

    Property size:
    22,801 SF
    Lot size:
    0.40 Acres

    Property Features for 306 E Kirkwood Ave

    General Information

    Size
    22,801 SF
    Lot size
    0.40 Acres

    Source: Colliers Agent Rachel Patten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail & Office Asset

    This offering presents the opportunity to acquire a two-story retail and office asset located at 300 E Kirkwood Avenue in Bloomington, Indiana. The property has a total area of 22,801 square feet and is fully leased to Old National Bank under a long-term NNN lease that extends through June 2036, with four 5-year renewal options. The offering includes two adjacent parking lots totaling 0.7-acres, providing additional income and future redevelopment potential. The property is strategically positioned on Kirkwood Avenue, Bloomington’s most active pedestrian thoroughfare, and benefits from proximity to Indiana University, which enrolls over 45,000 students. The surrounding area features a mix of retail, dining, and cultural attractions, ensuring consistent foot traffic. This investment offers stable in-place cash flow, annual CPI-based rent escalations, and minimal landlord responsibilities, in the heart of Downtown Bloomington and Indiana University.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5305428
    Latitude
    39.1661555

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    FAQs

    What type of property is this?
    Bank - Fully leased retail and office asset in downtown Bloomington, Indiana.
    Where is this bank located?
    The property is located at 306 E Kirkwood Ave Bloomington, IN.
    What are key features of this property?
    This property features: - Fully leased to Old National Bank (NYSE: ONB) through June 2036, offering stable, long-term income.; - Located on Kirkwood Avenue, Bloomington's most active pedestrian thoroughfare near Indiana University.; - Trophy asset in a vibrant downtown corridor with high foot traffic and tenant desirability.
    (317) 713-2100
    Request Owner's contact information
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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
    306 E Kirkwood Ave Bloomington, IN 47404
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