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Open Light Industrial Flex Space
For Lease
$4,200/Mo

633 N Morton St, Bloomington, IN 47404

Flex space with ground-level garage access, remodeled office and storage areas, and dedicated parking near IU Campus.

Space SizeContact for details
Days on Market54

Property Features for 633 N Morton St

General Information

Standard status Active

Building Details

Year Built 1960
Listing Agency: Realty Professionals
Listed By: Jim Regester
Source: Spencerchildersgroup
Added: Jul 29 Changed: Sep 8 Last Checked: Sep 19 at 10:18AM

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 Realty Professionals

Investment Insights

Based on property information with market context.

Open light industrial flex space available in Downtown Bloomington, just blocks from IU Campus and City Hall. The space totals 5,651 SF and includes 5 dedicated parking spaces, with additional parking potentially available for lease. The unit has ground-level 14' garage door access, floor drains, and new efficient lighting. It also offers a 16-foot eave height and an interior configuration that combines 651 SF of office space with an additional 651 SF upstairs office and/or storage space.

The upstairs office/storage area and the office component were remodeled in 2026. The building is equipped with two heat and air conditioning systems and a roof that is approximately 2 years old. Tenants are responsible for electricity, gas, water, and sewer.

Key Highlights

  • 5,651 SF open light industrial flex space
  • 16‑foot eave height and 16 ft tall open light industrial space
  • Ground‑level 14' garage door access plus floor drains

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Electrical Service Storage Facility Dental Office

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

NNN (Triple Net)
Lease Type
$1.34 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,296
Businesses Nearby
Balanced
Demand for This Use

Demographics for 47404, IN

23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
Median Home Value
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Market

Lease Benchmarks for Bloomington, IN

$10.56 /SF/Yr
Avg Asking Price
$7.79–$15.23 /SF/Yr
Price Range
3,739 SF
Avg Space Size

This space is priced 16% below the average of $10.56 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Similar Off Market Nearby

  • IU Catering 900 E 7th St #017, Bloomington, IN 47405
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  • First Class Catering 1713 N College Ave #3, Bloomington, IN 47404

Frequently Asked Questions

What type of property is this?
Flex space - Flex space with ground-level garage access, remodeled office and storage areas, and dedicated parking near IU Campus.
Where is this flex space located?
The property is located at 633 N Morton St Bloomington, IN.
What is the lease rate?
The lease rate is $4,200/Mo.
What are key features of this property?
This property features: 5,651 SF open light industrial flex space; 16‑foot eave height and 16 ft tall open light industrial space; Ground‑level 14' garage door access plus floor drains
More about this property
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