Three-Story Brick Office
For Sale
Contact for pricing
1720 N Kinser Pike, Bloomington, IN 47404
Well-maintained three-story brick office building with elevator access, private parking, and flexible layouts with private and collaborative spaces.
Property Size21,840 SF
Price / SF$135.07
Days on Market440
Property Features for 1720 N Kinser Pike
General Information
Standard status
Active
Size
21,840 SF
Property subtype
OFFICE
Occupancy
80%
Additional Details
Road Access
Yes
Amenities
handicap accessibility
elevator service
flexible office layout
private parking lot
ample attic storage
Building Details
Stories
3
Construction
brick
Listing Agency:
F.C. Tucker/Bloomington, REALTORS
(812) 340-3083
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Source:
Moodyscre
Added: May 19, 2025
Changed: Jul 25
Last Checked: Aug 1 at 11:33AM
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 F.C. Tucker/Bloomington, REALTORS
Investment Insights
Based on property information with market context.
Well-maintained three-story brick office building with approximately 21,840 SF across the first floor, second floor, and a full basement. The layout is designed to support both private offices and larger collaborative spaces, with handicap accessibility throughout. Elevator service runs from the basement to the attic, and there is ample attic storage to support building operations.
The property is positioned along North Kinser Pike with strong visibility and convenient access. It also includes a private parking lot for on-site use.
The building is currently 80% occupied, creating immediate income potential while leaving room for additional leasing. It is presented as an option for professional office users, for medical office conversion, or for investors seeking to own and manage office space.
The property is positioned along North Kinser Pike with strong visibility and convenient access. It also includes a private parking lot for on-site use.
The building is currently 80% occupied, creating immediate income potential while leaving room for additional leasing. It is presented as an option for professional office users, for medical office conversion, or for investors seeking to own and manage office space.
Key Highlights
- Well‑maintained three‑story brick office building with approximately 21,840 SF in a high‑traffic Bloomington location
- Currently 80% occupied, offering immediate income potential and additional leasing upside
- Space breakdown: ~7,280 SF per floor (first, second, and basement)
Financial Insights For Healthcare Medical
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 | $484.8k | $22.20 |
| − Vacancy | −$36.4k | −$1.67 |
| EGI | $448.5k | $20.54 |
| − OpEx | −$179.4k | −$8.21 |
| NOI | $269.1k | $12.32 |
21,840 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.84M
$3.36M – $4.48M
NOI $269,091 @ 7.0% cap · market cap 9.12%
Second Best
Office B
$3.35M
$2.93M – $3.91M
NOI $234,535 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,784 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
80%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
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 - Well-maintained three-story brick office building with elevator access, private parking, and flexible layouts with private and collaborative spaces.
Where is this office building located?
The property is located at 1720 N Kinser Pike Bloomington, IN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Well‑maintained three‑story brick office building with approximately 21,840 SF in a high‑traffic Bloomington location; Currently 80% occupied, offering immediate income potential and additional leasing upside; Space breakdown: ~7,280 SF per floor (first, second, and basement)
