807 N College Avenue, Bloomington, IN 47404
COMMERCIAL - Bloomington, IN
- Added:
- Oct 20, 2025
- Days on Market:
- 259
- Last Refresh:
- Jul 5 at 3:06 am
Property Features for 807 N College Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 53-05-33-204-045.000-005
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 013-33080-00 KENWOOD LOT 19 & PT (40'X 59') NW 33-9-1W .06A
- Tax Annual Amount
- 8615
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Flooring type
- Laminate
- Roof type
- Flat, Rubber
Listing agent Micah Heath License #RB23001214 (812) 760-0083
Listing office Keller Williams - Indy Metro South LLC 48 N Emerson Ave Ste 300, 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 commercial building with two finished levels plus an approximately 1,100 SF unfinished lower level for expansion or storage
- Private parking lot with approximately 12–13 spaces on‑site
- Flat rubber roof and central air; major updates include membrane roof, HVAC replacement, and water heater improvements
- Year built 1994
- Interior layout includes multiple offices, meeting rooms, reception areas, and restrooms; some interior walls are non‑structural
- Back flow valves updated per new city ordinances
Overview
The building is located at 807 N College Avenue in Bloomington, with access positioned minutes from Downtown Bloomington, Indiana University, and the city’s north side. The property also benefits from private parking, featuring a parking lot with approximately 12–13 spaces, which can support both day-to-day client visits and multi-suite operations in a downtown setting.
Recent capital updates include a membrane roof, HVAC replacement, and water heater improvements, along with updated backflow valves in accordance with new city ordinances. With its mix of finished and unfinished space and reconfigurable interior walls, the building can fit owner-users planning a headquarters or practice, as well as buyers evaluating a multi-tenant professional office or similar mixed professional occupancy concept.
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
