525 W 17th Street, Bloomington, IN 47404
COMMERCIAL - Bloomington, IN
- Added:
- Jul 16, 2025
- Days on Market:
- 354
- Last Refresh:
- Jul 4 at 4:06 am
Property Features for 525 W 17th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active Under Contract
- APN
- 53-05-32-106-043.000-005
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 013-37010-00 Dolan Lots 31, 33, 35 & Pt Lot 37
- Tax Annual Amount
- 12260
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Laminate, Carpet
- 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 Jul 16, 2025
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
- 7,140 SF standalone building previously used as a private preparatory school
- Flexible interior layout designed to support educational, childcare, office, or community use
- Central air conditioning and laminate and carpet flooring
- Shingle roof; building constructed in 1988
Overview
Located at 525 W 17th Street in Bloomington, Indiana, the property is positioned in a convenient Bloomington area. Its standalone nature supports independent access and use, while the prior education function means many of the internal improvements are already aligned with learning and supervision environments.
For prospective buyers, this asset fits well for organizations seeking a functional, conversion-friendly facility. Daycare operators, charter or nonprofit education groups, and entities looking to repurpose a school building into office or community space can evaluate the existing layout and school-focused infrastructure to support their program from day one.
Local Financial Insights For Office B
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 | $134.5k | $18.84 |
| − Vacancy | −$32.3k | −$4.52 |
| EGI | $102.2k | $14.32 |
| − OpEx | −$25.6k | −$3.58 |
| NOI | $76.7k | $10.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.539186
- Latitude
- 39.178725