300 W 1st St Bloomington, IN 47403
Two-story, 6,120 SF property suitable for office or redevelopment.
Property Features for 300 W 1st St
General Information
- Standard status
- Active
- Size
- 6,120 SF
- Lot size
- 0.57 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1977
Listing office FC Tucker/Bloomington, REALTORS (812) 336-7300
Listing date Jul 11, 2022
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location adjacent to the B‑Line Trail and Hopewell Development, offering convenient access to downtown Bloomington and public transit.
- Recently rezoned to Mixed‑Use Medium Scale (MM), allowing for 33 additional permitted uses and significant development flexibility.
- Substantial ±6,120 square foot, two‑story building suitable for office use or redevelopment.
Local Financial Insights For Office B
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 | $115.3k | $18.84 |
| − Vacancy | −$27.7k | −$4.52 |
| EGI | $87.6k | $14.32 |
| − OpEx | −$21.9k | −$3.58 |
| NOI | $65.7k | $10.74 |