807 N College Avenue, Bloomington, IN 47404
Mixed Use, Vacant - Bloomington, IN
- Added:
- Oct 20, 2025
- Days on Market:
- 239
- Last Refresh:
- Jun 15 at 6:06 am
Property Features for 807 N College Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Paved or Surfaced
- Interior features
- Drywall, Basement, Office Space, Reception Area
- Exterior features
- Basement, Office Space, Reception Area
- Standard status
- Active
- APN
- 53-05-33-204-045.000-005
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8615.08
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Flooring type
- Laminate
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Micah Heath License #RB23001214 (812) 760-0083
Listing office Keller Williams - Indy Metro South LLC 48 N Emerson Ave, Greenwood, IN (317) 882-5900
Listing date Oct 20, 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
- 4,292 SF brick commercial building with 2 finished levels and multiple offices, meeting rooms, reception areas, and restrooms
- Approximately 1,100 SF unfinished lower level (basement) for expansion, storage, or future build‑out
- Forced air natural gas heating plus central air cooling
- Flat rubber roof with membrane roof, plus HVAC replacement and water heater improvements
- Private paved/surfaced parking lot with approximately 12–13 spaces
- Back flow valves updated per new city ordinances (per remarks)
Overview
The building sits on a 0.17-acre site and includes a private parking lot with approximately 12–13 spaces, an uncommon amenity for this downtown Bloomington setting. The property is positioned minutes from Downtown Bloomington, Indiana University, and the city’s north side.
Recent updates include a membrane roof, HVAC replacement, and water heater improvements, along with backflow valve updates in accordance with new city ordinances. With its flexible interior configuration and mix of finished and unfinished space, the building can suit owner-users seeking a professional headquarters, multi-tenant office arrangements, or medical and wellness-oriented practices that require offices, meeting rooms, and reception space.
Local Financial Insights For Healthcare Medical
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 | $95.3k | $22.20 |
| − Vacancy | −$7.1k | −$1.67 |
| EGI | $88.1k | $20.54 |
| − OpEx | −$35.3k | −$8.21 |
| NOI | $52.9k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.53511
- Latitude
- 39.174424
