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Leasable Office Suites with Buildout
For Lease
$7,507/Mo

451 S Park Ridge Rd, Bloomington, IN 47401

Office space with existing reception, offices, and multiple bathrooms, offered as whole building or separate suites.

Space SizeContact for details
Days on Market194

Property Features for 451 S Park Ridge Rd

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $15,000
Listing Agency: Choice Realty & Management
Listed By: Lori Todd
Source: Exprealty
Added: Feb 17 Changed: Aug 20 Last Checked: Aug 29 at 12:33PM

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 Choice Realty & Management

Investment Insights

Based on property information with market context.

This property is an office building that can be leased either as a whole or as individual suites. Suite 101 and Suite 102 are currently combined, with the option to close the space to create two separate suites. The interior buildout includes several bathrooms and office rooms, along with reception areas, supporting a tenant-ready office layout.

The space is located at 451 S Park Ridge Rd in Bloomington, IN. Leasing can be tailored to different operating needs, whether a tenant is looking to occupy one combined suite arrangement or split into two independently usable suites.

For tenants and brokers, the existing office and reception configuration can reduce upfront buildout time for professional uses that require multiple rooms and restroom access. Because Suites 101 and 102 can be separated with simple closures, the offering is also practical for users who anticipate different staffing or space requirements over time.

Key Highlights

  • Building can be leased as a whole or split into separate suites
  • Suites 101 and 102 combined offer 5,630 SF of office space
  • Existing buildout includes reception areas, multiple offices, and several bathrooms

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Law Firm Auto Repair Shop Big Box & Wholesale Store Pharmacy HVAC Service

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

289
Businesses Nearby

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

$19.26 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
1,583 SF
Avg Space Size

This space is priced 17% below the average of $19.26 /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
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Frequently Asked Questions

What type of property is this?
Office units - Office space with existing reception, offices, and multiple bathrooms, offered as whole building or separate suites.
Where is this office units located?
The property is located at 451 S Park Ridge Rd Bloomington, IN.
What is the lease rate?
The lease rate is $7,507/Mo.
What are key features of this property?
This property features: Building can be leased as a whole or split into separate suites; Suites 101 and 102 combined offer 5,630 SF of office space; Existing buildout includes reception areas, multiple offices, and several bathrooms
More about this property
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