Flex Space with Overhead
For Sale
Contact for pricing
5120 S Commercial Street, Bloomington, IN 47403
Light Industrial zoning, office areas, and a specialty room support a range of business operations.
Property Size7,000 SF
Price / SF$0.00
Days on Market11
Property Features for 5120 S Commercial Street
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
40
Property subtype
Commercial
Zoning
Light Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
3
Property Use
Light Industrial
Building Details
Year Built
2020
Building Size
7,000 SF
Listing Agency:
Partners Realty Group
Listed By:
Kelly Jones · License #RB14051152
(812) 606-6939
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 Partners Realty Group
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Investment Insights
Based on property information with market context.
Built in 2020, this nearly 7,000 SF flex building has a concrete floor throughout, high ceilings, three 16-foot automatic overhead doors, one restroom, two framed office areas, and a specialty room. The interior is offered as-is, allowing the next occupant to configure it for its operations. Light Industrial zoning supports the property’s commercial use potential.
The building is in Robinson Industrial Park on Bloomington’s southside, just off Highway 37. A paved parking lot provides approximately 40 + parking spaces. The property is available now with a 5-year lease term.
The building is in Robinson Industrial Park on Bloomington’s southside, just off Highway 37. A paved parking lot provides approximately 40 + parking spaces. The property is available now with a 5-year lease term.
Key Highlights
- Nearly 7,000 SF of flex space
- Three 16‑foot automatic overhead doors
- High ceilings and concrete flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
$827.8K
Cap Rate 7%
$591,271
$591.3K
Cap Rate 9%
$459,878
$459.9K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$66.4K $9.48/SF
− Vacancy
−$7.2K −$1.03/SF
EGI
$59.1K $8.45/SF
− OpEx
−$17.7K −$2.53/SF
NOI
$41.4K $5.91/SF
Area
Monroe County, IN
Vacancy
10.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
Cap Rate 7%
$591,271
Cap Rate 9%
$459,878
Alternative Uses
Best Use
Flex RnD
$897.0K
$784.9K – $1.05M
NOI $62,790 @ 7.0% cap · market cap 570,818.18%
Second Best
Warehouse
$718.0K
$628.2K – $837.6K
NOI $50,258 @ 7.0% cap · market cap 456,890.91%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,764 @ 7.0% cap · market cap 870,581.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial zoning, office areas, and a specialty room support a range of business operations.
Where is this flex space located?
The property is located at 5120 S Commercial Street Bloomington, IN.
What are key features of this property?
This property features: Nearly 7,000 SF of flex space; Three 16‑foot automatic overhead doors; High ceilings and concrete flooring throughout
