Grocery and Convenience Store
For Sale
$469,000
3001 N Smith Pike, Bloomington, IN 47404
COMMERCIAL, Bloomington, IN
Property Size1,800 SF
Lot Size0.57 Acres
Price / SF$260.56
Days on Market97
Property Features for 3001 N Smith Pike
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
GPS friendly
Subdivision
Monroe County
Standard status
Active
APN
53-04-24-200-180.000-011
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
007-12600-00 Grubb Smith Lot 1
Tax Annual Amount
5457
Legal Description
007-12600-00 Grubb Smith Lot 1
Utilities
Cooling system
Central Air
Amenities
showroom
private office with service counter and sink
kitchen equipped with a range and refrigerator
storage areas
detached storage building
front checkout area with retail shelving
Building Details
Year built
1988
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Dohman Team
(812) 606-0136
Listed By:
Craig Dohman · License #RB17001882
(812) 336-2100
Added: Jul 9
Changed: Aug 20
Last Checked: Oct 13 at 1:06AM
MLS# 202627392
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.
Built in 1988, this 1,800+/- square foot retail building has a steel-frame structure and concrete flooring. The interior includes an open-span 48' x 21' showroom, a 10' x 13' private office with service counter and sink, a kitchen with range and refrigerator, storage areas, and a front checkout zone with retail shelving. A detached storage building is positioned behind the main structure.
The property occupies 0.57 acres and provides on-site parking, two ingress/egress points, and signage. Central air conditioning and a metal roof are in place. Zoned CD (Community Development), the property supports a range of commercial uses identified in the source information, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility. The sale includes a 2-way liquor license and tobacco license.
The property occupies 0.57 acres and provides on-site parking, two ingress/egress points, and signage. Central air conditioning and a metal roof are in place. Zoned CD (Community Development), the property supports a range of commercial uses identified in the source information, including a Coffee Shop/Cafe, Child Care, Real Estate Office, and Religious Facility. The sale includes a 2-way liquor license and tobacco license.
Key Highlights
- 1,800+/- square foot retail building on 0.57 acres
- Open‑span 48' x 21' showroom with front checkout area and retail shelving
- Includes 10' x 13' private office, kitchen, storage areas, and detached storage building
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
110
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Flexible commercial layout includes showroom, office, kitchen, storage, and on-site parking.
Where is this grocery and convenience store 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 on 0.57 acres; Open‑span 48' x 21' showroom with front checkout area and retail shelving; Includes 10' x 13' private office, kitchen, storage areas, and detached storage building
