NNN-Leased Office
For Sale
$2,900,000
123 S Franklin Road, Bloomington, IN 47404
COMMERCIAL, Bloomington, IN
Property Size5,494 SF
Lot Size1.02 Acres
Price / SF$527.85
Days on Market674
Property Features for 123 S Franklin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
W 3rd street turn N on Franklin, property is located on the right.
Subdivision
Monroe County
Standard status
Active
APN
53-05-31-300-007.000-005
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
013-28660-00 PT SW SW 31-9-1W 1.021A PLAT 24
Tax Annual Amount
22346
Legal Description
013-28660-00 PT SW SW 31-9-1W 1.021A PLAT 24
Utilities
Cooling system
Central Air
Building Details
Year built
1993
Flooring type
Tile, Carpet
Roof type
Asphalt
Listing Agency:
Century 21 Scheetz - Bloomington · Century 21 Real Estate
(812) 336-2100
Listed By:
Isaac Redden · License #RB14047983
(812) 325-5080
Added: Oct 18, 2024
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 202440463
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.
Investment Insights
Based on property information with market context.
Positioned on Bloomington’s west side, this 5,494-square-foot office building sits on a 1.02-acre site at 123 S Franklin Road. The mixed-use property has received multiple updates and renovations and includes tile and carpet flooring, central air, and an asphalt roof. The building was constructed in 1993 and is supported by approximately 30,000 square feet of paved site area.
MedExpress currently occupies the property under a triple-net lease, with several years remaining and options to extend. The site offers road frontage and visibility along Franklin Road, with the property address located in Bloomington, Indiana. Its existing medical-office occupancy and lease structure provide a defined operating profile for an office-focused acquisition.
MedExpress currently occupies the property under a triple-net lease, with several years remaining and options to extend. The site offers road frontage and visibility along Franklin Road, with the property address located in Bloomington, Indiana. Its existing medical-office occupancy and lease structure provide a defined operating profile for an office-focused acquisition.
Key Highlights
- 5,494 SF office building on a 1.02‑acre site
- Currently occupied by MedExpress under a triple‑net lease
- Several years remain on the lease, with options to extend
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated mixed-use office asset with current triple-net occupancy and extension options.
Where is this office building located?
The property is located at 123 S Franklin Road 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 on a 1.02‑acre site; Currently occupied by MedExpress under a triple‑net lease; Several years remain on the lease, with options to extend
