Light Industrial Flex Production
For Sale
Contact for pricing
125 S Westplex Ave, Bloomington, IN 47404
Light industrial building includes production/shop space and an office area, currently leased through June 25, 2027.
Property Size8,500 SF
Price / SF$85.29
Days on Market528
Property Features for 125 S Westplex Ave
General Information
Standard status
Active
Size
8,500 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
REALTY PROFESSIONALS
(812) 650-3600
Listed By:
James Regester
(812) 650-3600
Source:
Moodyscre
Added: Feb 17, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:34PM
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 REALTY PROFESSIONALS
Investment Insights
Based on property information with market context.
This light industrial flex property offers approximately 6,000 SF of production/shop space and about 2,500+ SF of office space, totaling 8,500 SF. The facility is zoned for light industrial and is configured to support both operational and office needs under one roof.
The property is located near the west side of Bloomington, about 1.5 miles from I-69 and roughly 1 mile from Downtown Bloomington.
The building is currently leased to a long-term tenant until June 25, 2027 with no options to renew. The stated yearly rent is $6/SF ($4,250 monthly), plus taxes, insurance, and CAM charges.
The property is located near the west side of Bloomington, about 1.5 miles from I-69 and roughly 1 mile from Downtown Bloomington.
The building is currently leased to a long-term tenant until June 25, 2027 with no options to renew. The stated yearly rent is $6/SF ($4,250 monthly), plus taxes, insurance, and CAM charges.
Key Highlights
- 8500 SF light industrial building zoned for light industrial use, with 6000 SF production/shop space
- Includes 2500+/- SF office space within the building
- Long‑term tenant lease runs until June 25, 2027 with no options to renew
Financial Insights For Industrial
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 | $80.6k | $9.48 |
| − Vacancy | −$8.8k | −$1.03 |
| EGI | $71.8k | $8.45 |
| − OpEx | −$21.5k | −$2.53 |
| NOI | $50.3k | $5.91 |
8,500 SF · lease $9.48/SF/yr · vacancy 10.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.09M
$953.1K – $1.27M
NOI $76,245 @ 7.0% cap · market cap 10.52%
Second Best
Industrial
$718.0K
$628.2K – $837.6K
NOI $50,258 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,285 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial building includes production/shop space and an office area, currently leased through June 25, 2027.
Where is this flex space located?
The property is located at 125 S Westplex Ave Bloomington, IN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8500 SF light industrial building zoned for light industrial use, with 6000 SF production/shop space; Includes 2500+/- SF office space within the building; Long‑term tenant lease runs until June 25, 2027 with no options to renew
