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Move-in Ready Office Sublet
For Lease
$15.23 SF/Yr NNN

4101 E 3Rd St, Bloomington, IN 47401

1st Month Rent Free--Sublet--move in ready condition

Space Size2,905 SF
Days on Market234

Property Features for 4101 E 3Rd St

General Information

Standard status Active
Property type Office Spaces, Medical space, Flex space
Size 2,905 SF
Class B
Total Parking Spaces 15
Elevators No
Lease Type NNN
Lease Term 1-2 Years
Rate Type Yearly

Building Details

Year Built 1970
Buildings 1
Stories 1
Listing Agency:
Listed By: Sara
Added: Jan 6 Changed: Mar 20

Investment Insights

Based on property information with market context.

This 2,905-square-foot office space is available for sublease, with the current lease ending June 14, 2027. The property features laminate wood and tile flooring throughout, and has been freshly painted. It includes a large, fully equipped kitchen with two microwaves, a stove/oven, a dishwasher, and a mini-refrigerator. There are two bathrooms, five large, spacious office areas, and two smaller office areas. A coat room is available for cleaning supplies or staff coats, complete with a large scrub tub. The property offers 15 parking spots and a wood deck at the back of the building. Move-in incentives include the first month's rent paid by the current tenant. There is a possibility of a lease extension after June 2027 for interested candidates.

Property Analytics

Current Use

Medical space

Suggested Use

Top Pick Building Supply Plumbing Service Auto Parts Store Catering Service Real Estate Agency Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.28 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby
Well-served
Demand for This Use

Demographics for 47401, IN

41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value

Market

Lease Benchmarks for Bloomington, IN

$18.57 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
1,887 SF
Avg Space Size

This space is priced 18% below the average of $18.57 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office space - 1st Month Rent Free--Sublet--move in ready condition
Where is this office space located?
The property is located at 4101 E 3Rd St Bloomington, IN.
What is the lease rate?
The lease rate is $15.23 SF/Yr.
More about this property
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