Three-Story Office
New
For Sale
$5,500,000
1600 W Bloomfield Road, Bloomington, IN 47403
COMMERCIAL - Bloomington, IN
Property Size28,077 SF
Lot Size2.31 Acres
Price / SF$195.89
Days on Market2
Property Features for 1600 W Bloomfield Road
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Directions
From Bloomington head west on Second street after the stop light of the intersection of Bloomfield/2nd St. and Landmark the property will be on the right after the gas station. GPS Friendly!
Subdivision
Monroe County
Standard status
Active
APN
53-08-06-104-062.000-009
Lot size
2.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-63420-01 Seminary Part Lot 189 2.31A Plat 189E
Tax Annual Amount
44085
Legal Description
015-63420-01 Seminary Part Lot 189 2.31A Plat 189E
Amenities
handicap-accessible entrances
kitchenettes
conference room
Building Details
Year built
2004
Flooring type
Carpet, Tile - Ceramic
Roof type
Metal
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Added: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 202631512
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.
This 28,077-square-foot office property occupies 2.31 acres and was built in 2004. The three-story configuration includes private offices, cubicle areas, conference space, and kitchenettes on each floor. Carpet and ceramic tile flooring are present, and the building has a metal roof.
The main and lower floors each have their own handicap-accessible entrance, supporting separate occupancy arrangements. Two office suites on the lower level are fully leased, while the main floor provides two office areas and a large conference room. The second floor is reached by stairs and includes both cubicles and enclosed offices.
Private on-site parking serves tenants and visitors, and the property is approximately 3 minutes from I-69. The setting is described as quiet and professional, with access from 1600 W Bloomfield Road in Bloomington, Indiana.
The main and lower floors each have their own handicap-accessible entrance, supporting separate occupancy arrangements. Two office suites on the lower level are fully leased, while the main floor provides two office areas and a large conference room. The second floor is reached by stairs and includes both cubicles and enclosed offices.
Private on-site parking serves tenants and visitors, and the property is approximately 3 minutes from I-69. The setting is described as quiet and professional, with access from 1600 W Bloomfield Road in Bloomington, Indiana.
Key Highlights
- 28,077 SF three‑story office building on 2.31 acres
- Built in 2004 with a metal roof
- Approximately 3 minutes from I‑69
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 | $623.3k | $22.20 |
| − Vacancy | −$46.7k | −$1.67 |
| EGI | $576.6k | $20.54 |
| − OpEx | −$230.6k | −$8.21 |
| NOI | $345.9k | $12.32 |
28,077 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.94M
$4.32M – $5.77M
NOI $345,937 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$4.31M
$3.77M – $5.03M
NOI $301,513 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$5.49M
$4.80M – $6.40M
NOI $384,110 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
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 - Flexible floor layouts include private offices, cubicles, conference space, and kitchenettes.
Where is this office building located?
The property is located at 1600 W Bloomfield Road Bloomington, IN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 28,077 SF three‑story office building on 2.31 acres; Built in 2004 with a metal roof; Approximately 3 minutes from I‑69
