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Finished Office Space with Reception Area
For Lease
$14 SF/Yr Modified Gross

532 S College Ave, Bloomington, IN 47403

Configured for professional use with private offices, clerical work areas, a breakroom, and restroom.

Space SizeContact for details
Days on Market34

Property Features for 532 S College Ave

General Information

Standard status Active
Lease Type Modified Gross

Space & Availability

Space Use Office
Private Offices 2

Additional Details

Flexible Term Yes

Building Details

Year Built 1980
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: John West · License #RB14012678
Source: Spencerchildersgroup
Added: Jul 26 Changed: Aug 28 Last Checked: Aug 25 at 5:30AM

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 FC Tucker/Bloomington REALTORS

Investment Insights

Based on property information with market context.

This 1,270-square-foot office unit, built in 1980, offers a finished layout with a reception area, two private offices, clerical areas, a breakroom, and a restroom. The existing configuration provides a combination of client-facing, individual office, and administrative workspace within one unit.

The property is located at 532 S College Ave in Bloomington, Indiana. Lease terms include a modified gross structure, with gas as the only additional tenant expense identified. A two-year minimum base term is preferred, and possession is negotiable.

Key Highlights

  • 1,270 SF finished office unit
  • Reception area with 2 private offices
  • Clerical areas, breakroom, and restroom

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith

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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

2,562
Businesses Nearby

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

Market

Lease Benchmarks for Bloomington, IN

$19.26 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
1,583 SF
Avg Space Size

This space is priced 27% below the average of $19.26 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Configured for professional use with private offices, clerical work areas, a breakroom, and restroom.
Where is this office units located?
The property is located at 532 S College Ave Bloomington, IN.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 1,270 SF finished office unit; Reception area with 2 private offices; Clerical areas, breakroom, and restroom
More about this property
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