Office Suite with Private
New
For Sale
Contact for pricing
2620 N Walnut Street #1100 ***, Bloomington, IN 47404
A gross lease includes utilities and common-area charges, with phone and internet excluded.
Property Size1,354 SF
Price / SF$21.89
Days on Market4
Property Features for 2620 N Walnut Street #1100 ***
General Information
Standard status
Active
Size
1,354 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
private restroom
kitchenette
2 conference rooms
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
FC Tucker/Bloomington REALTORS
Listed By:
John West · License #RB14012678
(812) 322-1983
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:13PM
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 FC Tucker/Bloomington REALTORS
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 1,354 SF office suite is within a multi-tenant building constructed in 1978. Its layout includes two large offices, a reception area, clerical space, file storage, a private restroom and a kitchenette. Wall colors and flooring in the private offices can be selected by the tenant.
Building amenities include two conference rooms and on-site parking. The gross lease covers common-area charges and utilities, except phone and internet.
Building amenities include two conference rooms and on-site parking. The gross lease covers common-area charges and utilities, except phone and internet.
Key Highlights
- 1,354 SF office suite with two large private offices
- Private restroom, kitchenette, reception area, clerical space and file storage
- Access to two conference rooms and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,540
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,800
$290.8K
Cap Rate 7%
$207,714
$207.7K
Cap Rate 9%
$161,556
$161.6K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$25.5K $18.84/SF
− Vacancy
−$6.1K −$4.52/SF
EGI
$19.4K $14.32/SF
− OpEx
−$4.8K −$3.58/SF
NOI
$14.5K $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%
$290,800
Cap Rate 7%
$207,714
Cap Rate 9%
$161,556
Alternative Uses
Best Use
Office B
$207.7K
$181.8K – $242.3K
NOI $14,540 @ 7.0% cap · market cap 49.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.6K
$231.5K – $308.7K
NOI $18,523 @ 7.0% cap · market cap 62.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
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
Frequently Asked Questions
What type of property is this?
Office unit - A gross lease includes utilities and common-area charges, with phone and internet excluded.
Where is this office unit located?
The property is located at 2620 N Walnut Street #1100 *** Bloomington, IN.
What are key features of this property?
This property features: 1,354 SF office suite with two large private offices; Private restroom, kitchenette, reception area, clerical space and file storage; Access to two conference rooms and on‑site parking
