Storefront Retail Building with
For Sale
$469,000
3001 N Smith Pike, Bloomington, IN 47404
Flexible commercial building with showroom, office, kitchen, storage, licenses, and CD zoning for multiple business uses.
Property Size1,800 SF
Price / SF$260.56
Days on Market93
Property Features for 3001 N Smith Pike
General Information
Standard status
Active
Size
1,800 SF
Zoning
CD
Additional Details
Road Access
Yes
Liquor License
Yes
Building Details
Year Built
1988
Buildings
2
Construction
steel frame
Listing Agency:
Dohman Team
Listed By:
Craig Dohman · License #RB17001882
(812) 606-0136
Source:
Callcriswell
Added: Jul 13
Changed: Oct 3
Last Checked: Oct 7 at 5:13PM
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 Dohman Team
Investment Insights
Based on property information with market context.
Located at 3001 N Smith Pike in Bloomington, this 1,800± square foot storefront property was built in 1988 by Graber with a solid steel frame. The main building includes an open showroom measuring 48' x 21', a 10' x 13' private office with a service counter and sink, a kitchen with a range and refrigerator, storage areas, a front checkout area, and retail shelving. A detached storage building is positioned behind the primary structure.
The property includes on-site parking and two ingress/egress points. Sale terms include a 2-way liquor license and tobacco license. CD (Community Development) zoning supports a range of stated commercial applications, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility.
The property includes on-site parking and two ingress/egress points. Sale terms include a 2-way liquor license and tobacco license. CD (Community Development) zoning supports a range of stated commercial applications, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility.
Key Highlights
- 1,800± square foot retail building at 3001 N Smith Pike, Bloomington, IN 47404
- Constructed in 1988 by Graber with a solid steel frame
- Open‑span 48' x 21' showroom plus a 10' x 13' private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,139
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,780
$482.8K
Cap Rate 7%
$344,843
$344.8K
Cap Rate 9%
$268,211
$268.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$36.1K $20.04/SF
− Vacancy
−$1.6K −$0.88/SF
EGI
$34.5K $19.16/SF
− OpEx
−$10.3K −$5.75/SF
NOI
$24.1K $13.41/SF
Area
Monroe County, IN
Vacancy
4.40%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,780
Cap Rate 7%
$344,843
Cap Rate 9%
$268,211
Alternative Uses
Best Use
Retail
$344.8K
$301.7K – $402.3K
NOI $24,139 @ 7.0% cap · market cap 5.15%
Second Best
Specialty Retail
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with showroom, office, kitchen, storage, licenses, and CD zoning for multiple business uses.
Where is this storefront property located?
The property is located at 3001 N Smith Pike Bloomington, IN.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 1,800± square foot retail building at 3001 N Smith Pike, Bloomington, IN 47404; Constructed in 1988 by Graber with a solid steel frame; Open‑span 48' x 21' showroom plus a 10' x 13' private office
