Search
Historic Two-Level Office Building
For Lease
$3,000/Mo

4638 E State Road 45, Bloomington, IN 47408

Historic schoolhouse offering flexible office space with restrooms, kitchenettes, parking, and fiber internet.

Space Size4,300 SF
Lot Size1.05 Acres
Days on Market24

Property Features for 4638 E State Road 45

General Information

Standard status Active
Size 4,300 SF
Lot size 1.05 Acres
Zoning LB

Space & Availability

Contiguous Space 4,300 SF
Divisible Yes
Space Use Office
Condition Move-in Ready
Sublease No
Private Offices 10

Additional Details

Utilities to Site Yes

Amenities

kitchenette
open common area
storage
original hardwood floors
new windows
natural light
fiber internet

Building Details

Year Built 1928
Stories 2
Building Size 4,300 SF
Listing Agency: Sterling Real Estate
Listed By: Heather Groves · License #RB15001614
Source: Spencerchildersgroup
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 29 at 12:22PM

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 Sterling Real Estate

Investment Insights

Based on property information with market context.

The Poplar Grove School is a 1928 office property arranged across two levels, with restrooms and a kitchenette on each floor. The interior includes 10 office spaces, an open common area, storage, and a larger first-level gathering area finished with original hardwood floors. More than 50 brand-new windows bring substantial natural light into the building, which also has newly installed GigabitNow fiber internet.

Set on the east side of Bloomington at 4638 E State Road 45, the property is just east of Indiana University and near IU Health Bloomington Hospital. The site encompasses just over 1.05 acres and provides more than 25 parking spots. Zoned Limited Business (LB), the building can be leased as a whole or by individual level.

Key Highlights

  • 1928 office property known as the Poplar Grove School
  • Two‑level layout with 10 office spaces, common area, and storage
  • Each level includes restrooms and a kitchenette

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon 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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 47408, IN

22,917
Population
10,456
Households
2.2
Avg Household Size
28
Median Age
59%
College-Educated
98%
High-School Grad
64.4 sq mi
ZIP Area
356
Density / Sq Mi
$45,584
Median Household Income
$15,819
Median Earnings
$1,177
Median Rent
$304,600
Median Home Value

Market

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Historic schoolhouse offering flexible office space with restrooms, kitchenettes, parking, and fiber internet.
Where is this office building located?
The property is located at 4638 E State Road 45 Bloomington, IN.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: 1928 office property known as the Poplar Grove School; Two‑level layout with 10 office spaces, common area, and storage; Each level includes restrooms and a kitchenette
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message