1235 W Gourley Pike, Bloomington, IN 47404
Mixed Use - Bloomington, IN
- Added:
- Apr 30, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 12:06 pm
Property Features for 1235 W Gourley Pike
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Property condition
- New Construction
- Zoning
- Mixed-Use Medium-Scale
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking features
- Paved or Surfaced
- Interior features
- Drywall, Other
- Exterior features
- Other
- Standard status
- Active
- APN
- 53-05-29-301-001.000-005
- Size
- 5,470 SF
- Lot size
- 1.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3193.32
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Flooring type
- Concrete, Other
- Building materials
- Other
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jim Regester License #RB14012351 (812) 323-1231
Listing office Realty Professionals 328 S. Walnut St., Ste. 6, Bloomington, IN (812) 323-1231
Listing date Apr 30, 2026
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.
HighLights
- New construction with 5,470 SF of space, zoned Mixed‑Use Medium Scale for flexible business or residential use.
- High visibility location near SR 45/46 Bypass and I‑69 on/off ramps.
- Solar Edge panel system installed (estimated $70,000 value) designed to provide electricity to the new building.
- Wired for electric car charger and heavy equipment.
- Opportunity for live/work setup or rental income from existing 1,260 SF home (needs renovation).
- Near IU Stadium.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.6k | $20.04 |
| − Vacancy | −$4.8k | −$0.88 |
| EGI | $104.8k | $19.16 |
| − OpEx | −$31.4k | −$5.75 |
| NOI | $73.4k | $13.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.549512
- Latitude
- 39.186207
