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    Standalone School and Office Building Title is generated by Realmo AI

    525 W 17th Street, Bloomington, IN 47404

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    Claim this Listing
    For Sale
    Under Contract
    $1,200,000

    COMMERCIAL - Bloomington, IN

    Type:Office
    Property size:
    7,140 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $168/SF
    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

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    Chris Cockerham
    Chris Cockerham

    Listing agent Chris Cockerham License #RB14027897

    Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN

    Listing date Jul 16, 2025

    MLS# 202527646

    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

    This 7,140 square foot standalone building previously operated as a private preparatory school and is designed with a flexible, ready-to-use layout. The property includes kid-oriented infrastructure that can support childcare and educational programming, while the existing configuration also lends itself to office or community uses. The building sits on a 0.9-acre lot, offering room for day-to-day operations and on-site needs.

    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
    7,140 SF · lease $18.84/SF/yr · vacancy 24.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.10M
    $958.4K – $1.28M (±1% cap)
    NOI $76,675 @ 7.0% cap · market cap 6.39%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,679 @ 7.0% cap · market cap 8.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Electronics & Wireless Store Cosmetic Store Veterinary Clinic (Bike/Boat/Book/etc) Store Department Store Furniture & Home Goods Locksmith Auto Parts Store Restaurant Fish Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.539186
    Latitude
    39.178725

    FAQs

    What type of property is this?
    School - Standalone building with flexible, school-ready layout suitable for education, childcare, office, or community use.
    Where is this school located?
    The property is located at 525 W 17th Street Bloomington, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 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
    More about this property
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