Day Care Facility with Duplex
For Sale
Under Contract
$299,900
1350 E Rhorer Road, Bloomington, IN 47401
COMMERCIAL, Bloomington, IN
Property Size1,934 SF
Lot Size1.25 Acres
Price / SF$155.07
Days on Market46
Property Features for 1350 E Rhorer Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Directions
GPS friendly
Subdivision
Monroe County
Standard status
Active Under Contract
APN
53-08-21-100-032.000-008
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
014-27350-00 PT NE NE 21-8-1W 1.25A PLAT 253
Tax Annual Amount
4413
Legal Description
014-27350-00 PT NE NE 21-8-1W 1.25A PLAT 253
Utilities
Cooling system
Central Air
Amenities
partially fenced backyard
attached garage
covered shelter
unfinished basement
Building Details
Year built
1958
Flooring type
Tile, Vinyl, Carpet
Roof type
Shingle
Listing Agency:
Dohman Team
Listed By:
Craig Dohman
(812) 606-0136
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 19 at 10:06PM
MLS# 202636608
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant 1,934-square-foot building is arranged for an in-home day care operation across both sides of the structure. The property includes 4 bedrooms, 2 full baths, central air, vinyl, carpet, and tile flooring, along with an attached garage and a shingle roof. Built in 1958, the building also includes a 900 +/- square foot unfinished basement.
The approximately 1.25-acre parcel provides a partially fenced backyard, ample parking, a covered shelter, and city sewer service. Its existing connecting area links the two sides, while the original duplex configuration provides a documented path for conversion into two residential units. The property is currently vacant.
The approximately 1.25-acre parcel provides a partially fenced backyard, ample parking, a covered shelter, and city sewer service. Its existing connecting area links the two sides, while the original duplex configuration provides a documented path for conversion into two residential units. The property is currently vacant.
Key Highlights
- 1,934 sq ft building with 4 bedrooms and 2 full baths
- Set up for an in‑home day care operation spanning both sides
- Originally configured as a duplex with connecting space between units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,381
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,620
$347.6K
Cap Rate 7%
$248,300
$248.3K
Cap Rate 9%
$193,122
$193.1K
Market Conditions
NOI Build-Up for 1,934 SF
Gross rent
$26.2K $13.56/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.8K $12.84/SF
− OpEx
−$7.4K −$3.85/SF
NOI
$17.4K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,620
Cap Rate 7%
$248,300
Cap Rate 9%
$193,122
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.3K – $289.7K
NOI $17,381 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$225.5K
$197.3K – $263.1K
NOI $15,785 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$378.0K
$330.7K – $441.0K
NOI $26,458 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47401, IN
41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Similar Off Market Nearby
- Bridges Early Childhood Center — 770 E Rhorer Rd, Bloomington, IN 47401
- Bridges Early Childhood Center — 1350 E Rhorer Rd, Bloomington, IN 47401
Frequently Asked Questions
What type of property is this?
Day care center - Vacant facility with separate-sided configuration, residential rooms, attached garage, and outdoor area on a substantial parcel.
Where is this day care center located?
The property is located at 1350 E Rhorer Road Bloomington, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,934 sq ft building with 4 bedrooms and 2 full baths; Set up for an in‑home day care operation spanning both sides; Originally configured as a duplex with connecting space between units
