Mixed-Use Property with
New
For Sale
$549,900
2312 S Rogers Street, Bloomington, IN 47403
MULTI_FAMILY - Bloomington, IN
Property Size2,790 SF
Lot Size0.18 Acres
Price / SF$197.10
Days on Market2
Property Features for 2312 S Rogers Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1
Parking
13
Parking features
Off Street
Lot features
City/ Town/ Suburb, 0-2.9999
Elementary school
Summit
Middle school
Batchelor
High school
Bloomington South
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
Use GPS for driving directions
Subdivision
Monroe County
Standard status
Active
APN
53-08-08-403-159.000-009
Size
2,790 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-24305-00 BROADVIEW PARK 1ST LOT 3 ANNEXED 3/1/00 FROM 014-24300-00
Legal Description
015-24305-00 BROADVIEW PARK 1ST LOT 3 ANNEXED 3/1/00 FROM 014-24300-00
Utilities
Cooling system
Central Air
Amenities
on-site parking
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Acclaimed Properties · RE/MAX International
(812) 332-3001
Listed By:
AJ Bowlen · License #RB16000753
(812) 345-3712
Added: Jul 30
Last Checked: Jul 31 at 7:06PM
MLS# 202630776
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 mixed-use property includes a fully operational salon and two upper-level 1-bedroom apartments. The salon features newly updated work stations, and booth spaces are described as consistently rented. The residential units include two 1-bedroom apartments that generate steady rental income.
The property sits on a 0.18-acre lot and includes 2,790 square feet of total space. Built in 1975, the building has central air cooling, vinyl and carpet flooring, and a shingle roof. Off-street parking is available on site.
The location is positioned on South Rogers Street with strong visibility and easy access. The property is described as being moments from the B-Line Trail, with Novo Nordisk’s main campus and Bloomington Country Club nearby.
The property sits on a 0.18-acre lot and includes 2,790 square feet of total space. Built in 1975, the building has central air cooling, vinyl and carpet flooring, and a shingle roof. Off-street parking is available on site.
The location is positioned on South Rogers Street with strong visibility and easy access. The property is described as being moments from the B-Line Trail, with Novo Nordisk’s main campus and Bloomington Country Club nearby.
Key Highlights
- 0.18‑acre lot with 2,790 SF total building area
- Fully operational salon with brand‑new work stations
- Two upper‑level 1‑bedroom apartments for rental income
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 | $55.9k | $20.04 |
| − Vacancy | −$2.5k | −$0.88 |
| EGI | $53.5k | $19.16 |
| − OpEx | −$16.0k | −$5.75 |
| NOI | $37.4k | $13.41 |
2,790 SF · lease $20.04/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$534.5K
$467.7K – $623.6K
NOI $37,416 @ 7.0% cap · market cap 6.80%
Second Best
Multifamily LT 5
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$545.3K
$477.1K – $636.2K
NOI $38,169 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Central air and off-street parking support a fully operational salon plus two upper 1-bedroom apartments.
Where is this mixed-use property located?
The property is located at 2312 S Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 0.18‑acre lot with 2,790 SF total building area; Fully operational salon with brand‑new work stations; Two upper‑level 1‑bedroom apartments for rental income
