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    205 College Ave Bloomington, IN 47404

    Sponsored
    For Lease
    $10 SF/Yr ($2,430 /Mo)

    Historic building, flexible suites available

    Lot size:
    2,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Graham Plaza, located at 205 N College Ave in Bloomington, Indiana, presents a unique opportunity for businesses seeking prime downtown office space. This eight-story building, totaling 2,917 square feet, boasts a rich history, having been renovated in 1979 and listed on the National Register of Historic Places. The property offers a variety of suite sizes, with a minimum divisible space of 442 square feet and a maximum contiguous space of 548 square feet. Currently, 990 square feet are vacant and available for lease. The building features two elevators for convenient access to all floors. Its central location in Monroe County, within the vibrant downtown Bloomington area, provides excellent visibility and accessibility. The building's traditional office layout is complemented by executive office options, making it suitable for a range of businesses. The property is classified as both retail and office space, offering versatile options for tenants. This is an exceptional opportunity to establish a presence in a historically significant and highly desirable location. The building's convenient location and flexible space options make it an ideal choice for businesses seeking a prominent address in the heart of Bloomington. Multiple tenancy is available.

    Property Features for 205 College Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,917 SF
    Total Rate
    2430.83

    Building Details

    Year Renovated
    1979
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 010
    Size
    964 SF
    Rate per SF
    $13
    Space
    Suite 014
    Size
    442 SF
    Rate per SF
    $13
    Space
    Suite 210B
    Size
    245 SF
    Rate per SF
    $18
    Space
    Suite 460
    Size
    431 SF
    Rate per SF
    $13
    Space
    Suite 512
    Size
    584 SF
    Rate per SF
    $13
    Space
    Suite 609
    Size
    303 SF
    Rate per SF
    $13
    Space
    Suite 013
    Size
    398 SF
    Rate per SF
    $10
    Space
    Suite 611
    Size
    320 SF
    Rate per SF
    $13

    HighLights

    • Elegant main‑level entryway.
    • Proximity to Morton Street parking garage.
    • Abundant public parking on east and south sides.
    • High visibility at College Avenue and 6th Street corner.
    • Downtown Bloomington location on the square.
    • Near Fountain Square and numerous restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.53486396
    Latitude
    39.16786304

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, flexible suites available
    Where is this office property / space located?
    The property is located at 205 College Ave Bloomington, IN.
    What is the lease rate?
    The lease rate is $10-$18 SF/Yr.
    What are key features of this property?
    This property features: Elegant main-level entryway.; Proximity to Morton Street parking garage.; Abundant public parking on east and south sides.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 College Ave Bloomington, IN 47404
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