Office Suite with Private
New
For Sale
Contact for pricing
400 W 7th Street Unit 103, Bloomington, IN 47404
Eight enclosed rooms provide a flexible office or meeting-room layout, with access to a shared conference room.
Property Size29,149 SF
Price / SF$0.01
Days on Market4
Property Features for 400 W 7th Street Unit 103
General Information
Standard status
Active
Size
29,149 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
large conference room
Building Details
Year Built
1913
Building Size
29,149 SF
Listing Agency:
Colliers International
Listed By:
Dave Harstad · License #RB14036381
(812) 361-1230
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 11:29AM
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 Colliers International
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Investment Insights
Based on property information with market context.
This 2,193-square-foot office suite is located within the 29,149-square-foot Johnson Creamery, a historic office building constructed in 1913. Its layout includes eight private rooms that can serve as offices or meeting rooms. Tenants also have use of a large shared conference room, and common restrooms and lobby space are part of the building’s shared areas.
At 400 W 7th Street in Bloomington, the property sits beside the B-Line Trail and Showers Complex. Restaurants, government offices, and other downtown amenities are nearby. Parking is available at the Trades District Garage, about a two-minute walk from the building.
At 400 W 7th Street in Bloomington, the property sits beside the B-Line Trail and Showers Complex. Restaurants, government offices, and other downtown amenities are nearby. Parking is available at the Trades District Garage, about a two-minute walk from the building.
Key Highlights
- 2,193 SF suite within the 29,149 SF Johnson Creamery
- Eight private offices or meeting rooms
- Shared large conference room available for tenant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,550
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,000
$471.0K
Cap Rate 7%
$336,429
$336.4K
Cap Rate 9%
$261,667
$261.7K
Market Conditions
NOI Build-Up for 2,193 SF
Gross rent
$41.3K $18.84/SF
− Vacancy
−$9.9K −$4.52/SF
EGI
$31.4K $14.32/SF
− OpEx
−$7.9K −$3.58/SF
NOI
$23.6K $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%
$471,000
Cap Rate 7%
$336,429
Cap Rate 9%
$261,667
Alternative Uses
Best Use
Office B
$336.4K
$294.4K – $392.5K
NOI $23,550 @ 7.0% cap · market cap 130,833.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.6K
$375.0K – $500.0K
NOI $30,002 @ 7.0% cap · market cap 166,677.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,373
Businesses Nearby
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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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Eight enclosed rooms provide a flexible office or meeting-room layout, with access to a shared conference room.
Where is this office unit located?
The property is located at 400 W 7th Street Unit 103 Bloomington, IN.
What are key features of this property?
This property features: 2,193 SF suite within the 29,149 SF Johnson Creamery; Eight private offices or meeting rooms; Shared large conference room available for tenant use
