4747 W State Road 46, Bloomington, IN 47404
COMMERCIAL - Bloomington, IN
- Added:
- Mar 2, 2026
- Days on Market:
- 124
- Last Refresh:
- Jul 4 at 2:06 am
Property Features for 4747 W State Road 46
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 53-04-14-100-053.000-013
- Lot size
- 2.81 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 009-16350-00 PT SW NE 14-9-2W 2.815A PLAT 182 PUTTERS PARK
- Tax Annual Amount
- 17558
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Flooring type
- Tile, Concrete
- Roof type
- Shingle
Listing agent Chris Cockerham License #RB14027897 (812) 340-3083
Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN (812) 336-7300
Listing date Mar 2, 2026
Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2.82‑acre multi‑revenue entertainment property on the State Road 46 corridor in Bloomington, IN
- 8,400 SF three‑level main building plus dedicated mini golf support building (“Putt Hut”)
- Income‑producing digital billboard/sign installed in 2025
- 2025 Putt Hut addition includes potential for a small take‑out restaurant
- Updated efficiency apartment with new furnishings (short‑term rental use described in remarks)
- Outdoor live music stage with electrical plus private, all‑concrete parking
Overview
Located on the State Road 46 corridor in Bloomington, Indiana, the property is designed for destination-style use and on-site parking. The listing also describes a newly updated efficiency apartment built for short-term stays, described as “Airbnb-ready” with new furnishings.
From a tenant and operator standpoint, this is a turnkey-style entertainment concept with multiple revenue streams already incorporated on-site, including mini golf and bar/restaurant operations, along with live entertainment programming. The listing further notes a three-way liquor license and highlights that the Putt Hut addition is part of the property’s 2025 improvements, with use described as potentially supporting a small take-out restaurant. Overall, the combination of indoor entertainment capacity, outdoor stage space, and defined parking supports a visitor-focused business model.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.2k | $18.00 |
| − Vacancy | −$6.4k | −$0.76 |
| EGI | $144.8k | $17.24 |
| − OpEx | −$36.2k | −$4.31 |
| NOI | $108.6k | $12.93 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Circle K — 201 W 17th St, Bloomington, IN 47404
- Pink Poodle — 917 N Fairview St, Bloomington, IN 47404
- Big Red Liquors — 2205 N Walnut St, Bloomington, IN 47404
- Sleeper's Bar — 2601 N Walnut St Suite 1, Bloomington, IN 47404
- Stillwater tailgate — 1402 n walnut st, bloomington, in 47404
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.598148
- Latitude
- 39.216643
