Single-Level Office
For Sale
Contact for pricing
2495 S Walnut Street Pike, Bloomington, IN 47401
A standalone brick office property offers a range of private offices and shared work areas on one floor.
Property Size3,800 SF
Price / SF$0.00
Days on Market9
Property Features for 2495 S Walnut Street Pike
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
reception area
conference room
kitchen
2 baths
copier/mailroom area
3 separate entrances
Building Details
Year Built
1994
Buildings
1
Stories
1
Building Size
3,800 SF
Construction
brick
Owner Occupied
No
Listing Agency:
Dohman Team
Listed By:
Craig Dohman · License #RB17001882
(812) 606-0136
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 Dohman Team
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Investment Insights
Based on property information with market context.
This 1994, single-story brick office property contains approximately 3,800 square feet, arranged as 11 private offices with a reception area and conference room. Additional spaces include a kitchen, two bathrooms, and a copier and mailroom area. Three separate entrances serve the building, which is located on Bloomington’s south side along S Walnut Street Pike.
Key Highlights
- Approximately 3,800 square feet in a single‑level brick building
- 11 private offices, reception area, and conference room
- Kitchen, two bathrooms, and copier/mailroom area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,807
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,140
$816.1K
Cap Rate 7%
$582,957
$583.0K
Cap Rate 9%
$453,411
$453.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$71.6K $18.84/SF
− Vacancy
−$17.2K −$4.52/SF
EGI
$54.4K $14.32/SF
− OpEx
−$13.6K −$3.58/SF
NOI
$40.8K $10.74/SF
Area
Monroe County, IN
Vacancy
24.00%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,140
Cap Rate 7%
$582,957
Cap Rate 9%
$453,411
Alternative Uses
Best Use
Office B
$583.0K
$510.1K – $680.1K
NOI $40,807 @ 7.0% cap · market cap 272,046.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$742.7K
$649.8K – $866.4K
NOI $51,986 @ 7.0% cap · market cap 346,573.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A standalone brick office property offers a range of private offices and shared work areas on one floor.
Where is this office unit located?
The property is located at 2495 S Walnut Street Pike Bloomington, IN.
What are key features of this property?
This property features: Approximately 3,800 square feet in a single‑level brick building; 11 private offices, reception area, and conference room; Kitchen, two bathrooms, and copier/mailroom area
