Office Building with NNN
For Sale
$2,900,000
123 S Franklin Rd, Bloomington, IN 47404
Updated mixed-use improvements with a current triple-net tenancy and extension options support an income-producing office profile.
Property Size5,494 SF
Price / SF$527.85
Days on Market50
Property Features for 123 S Franklin Rd
General Information
Standard status
Active
Size
5,494 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1993
Buildings
1
Tenancy
Single
Listing Agency:
Century 21 Scheetz - Bloomington
(812) 325-5080
Listed By:
Isaac Redden · License #RB14047983
Source:
Spencerchildersgroup
Added: Jul 13
Changed: Aug 30
Last Checked: Aug 25 at 5:30AM
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 Century 21 Scheetz - Bloomington
Investment Insights
Based on property information with market context.
Built in 1993, this 5,494 SF office building combines a mixed-use configuration with multiple updates and renovations. The property includes approximately 30,000 square feet of paved site area, providing a substantial hardscape component for the 1.02-acre parcel. Interior finishes include drywall, carpet, and tile, with 9-foot ceilings and slab construction.
Located on the west side of Bloomington at 123 S Franklin Road, the building benefits from road frontage and a highly visible position. MedExpress currently occupies the property under a triple-net lease with several years remaining and options to extend. The combination of an established medical-office tenancy, updated improvements, and an existing lease structure provides a clear profile for office-focused ownership.
Located on the west side of Bloomington at 123 S Franklin Road, the building benefits from road frontage and a highly visible position. MedExpress currently occupies the property under a triple-net lease with several years remaining and options to extend. The combination of an established medical-office tenancy, updated improvements, and an existing lease structure provides a clear profile for office-focused ownership.
Key Highlights
- 5,494 SF office building constructed in 1993
- Current MedExpress tenancy under a triple‑net lease
- Several years remain on the lease, with options to extend
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
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
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Frequently Asked Questions
What type of property is this?
Office building - Updated mixed-use improvements with a current triple-net tenancy and extension options support an income-producing office profile.
Where is this office building located?
The property is located at 123 S Franklin Rd Bloomington, IN.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 5,494 SF office building constructed in 1993; Current MedExpress tenancy under a triple‑net lease; Several years remain on the lease, with options to extend
