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306 E Kirkwood Ave Bloomington, IN 47404

For Sale
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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

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.
More about this property
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