Pole Barn
For Sale
Contact for pricing
3500 W Maple Grove Road Unit Pole Barn, Bloomington, IN 47404
Concrete flooring and two oversized barn doors support storage use; the space is not temperature controlled.
Property Size2,900 SF
Price / SF$3.52
Days on Market11
Property Features for 3500 W Maple Grove Road Unit Pole Barn
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Warehouse & Industrial
Cold Storage
No
Conditioned Warehouse
No
Additional Details
Property Use
Storage
Building Details
Year Built
1994
Construction
pole barn
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 4:41PM
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 2,900 +/- square foot pole barn is configured for storage use only and has a concrete floor. Two barn doors measure 9' 10½" high by 15' 6½" wide. Ceiling height is 11' 9" at the center, tapering to 9' 11" along the side walls. The space is not temperature controlled and can be divided to accommodate a smaller area.
A keypad-coded walk-in door and barn doors that lock from the interior provide secured entry. Access is available at both the front and rear of the building.
A keypad-coded walk-in door and barn doors that lock from the interior provide secured entry. Access is available at both the front and rear of the building.
Key Highlights
- 2,900 +/- square feet, with space division available
- Concrete floor; storage use only
- Two barn doors, each 9' 10½" high by 15' 6½" wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,821
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,420
$416.4K
Cap Rate 7%
$297,443
$297.4K
Cap Rate 9%
$231,344
$231.3K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$27.5K $9.48/SF
− Vacancy
−$3.0K −$1.03/SF
EGI
$24.5K $8.45/SF
− OpEx
−$3.7K −$1.27/SF
NOI
$20.8K $7.18/SF
Area
Monroe County, IN
Vacancy
10.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,420
Cap Rate 7%
$297,443
Cap Rate 9%
$231,344
Alternative Uses
Best Use
Warehouse
$297.4K
$260.3K – $347.0K
NOI $20,821 @ 7.0% cap · market cap 204.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 388.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete flooring and two oversized barn doors support storage use; the space is not temperature controlled.
Where is this warehouse located?
The property is located at 3500 W Maple Grove Road Unit Pole Barn Bloomington, IN.
What are key features of this property?
This property features: 2,900 +/- square feet, with space division available; Concrete floor; storage use only; Two barn doors, each 9' 10½" high by 15' 6½" wide
