Leased Office Suites and Retail
For Sale
$875,000
5340 & 5350 S Old State Road 37, Bloomington, IN 47401
COMMERCIAL - Bloomington, IN
Property SizeContact for details
Lot Size0.72 Acres
Days on Market48
Property Features for 5340 & 5350 S Old State Road 37
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Subdivision
Southeast Monroe County
Directions
Take Walnut Street South, past Kroger South, on right before the stop light at South Old State Road 37 & Fairfax Rd, across the street from the Marathon Gas Station. "No For Sale Sign"
Standard status
Active
APN
53-08-21-301-056.000-008
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lots Numbered Thirty-six (36) and Thirty-seven (37) in Walnut Acres
Tax Annual Amount
4319
Legal Description
Lots Numbered Thirty-six (36) and Thirty-seven (37) in Walnut Acres
Utilities
Cooling system
Central Air
Building Details
Year built
1997
Flooring type
Tile, Laminate
Roof type
Metal
Listing Agency:
Stafford Real Estate
(812) 325-4453
Listed By:
Jim Stafford · License #RB14033324
(812) 325-4453
Added: Jun 18
Changed: Aug 3
Last Checked: Aug 4 at 3:06PM
MLS# 202623980
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.
Investment Insights
Based on property information with market context.
Two-parcel commercial investment opportunity featuring two leased buildings with a shared asphalt parking lot. The 5340 S. Old State Road 37 building was built in 1997 and includes four 900 SF office suites, each with a half bath. The 5350 S. Old State Road 37 building was built in 1956 and includes a 4,320 SF retail building with a partial basement and two half baths. All five spaces are currently occupied.
The property is on Bloomington’s south side with high visibility along S. Old State Road 37, just south of Kroger South and Wendy’s. Current uses include a tattoo studio, real estate office, appraisal office, massage/wellness suite, and a retail liquidation/resale business.
Commercial tenants pay utilities, taxes, and snow removal, while the landlord pays building insurance, grass cutting, and building repairs. Central air and a metal roof are in place, with laminate and tile flooring and off-street parking. Two parcels are to be sold together.
The property is on Bloomington’s south side with high visibility along S. Old State Road 37, just south of Kroger South and Wendy’s. Current uses include a tattoo studio, real estate office, appraisal office, massage/wellness suite, and a retail liquidation/resale business.
Commercial tenants pay utilities, taxes, and snow removal, while the landlord pays building insurance, grass cutting, and building repairs. Central air and a metal roof are in place, with laminate and tile flooring and off-street parking. Two parcels are to be sold together.
Key Highlights
- Two‑parcel investment on 0.72 acres with shared asphalt parking
- High visibility along S. Old State Road 37 on Bloomington’s south side
- 5340 S. Old State Road 37 built in 1997: four 900 SF office suites, each with a half bath
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 47401, IN
41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-parcel investment with four office suites plus a retail building, all currently occupied along S. Old State Road 37.
Where is this office units located?
The property is located at 5340 & 5350 S Old State Road 37 Bloomington, IN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑parcel investment on 0.72 acres with shared asphalt parking; High visibility along S. Old State Road 37 on Bloomington’s south side; 5340 S. Old State Road 37 built in 1997: four 900 SF office suites, each with a half bath
