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    1900 3Rd St Bloomington, IN 47404

    Sponsored
    For Sale
    $675,000

    1,768 sq ft office, 1.86 acres

    Property size:
    1,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Bloomington, Indiana! This property encompasses two parcels totaling 1.86 acres of Mixed Use (MC) zoned land on West 3rd Street, situated between the signalized intersections of Landmark and Cory Lane. The main building offers 1,768 square feet of versatile office space, featuring eight private offices and a spacious reception area. Ideal for a variety of uses, including office space, retail, or contractor services. The generous zoning even allows for a drive-thru restaurant. Built in 1987, this single-story building sits on a 0.876-acre lot. An additional 0.984-acre vacant lot is included, providing significant expansion potential. The property's prime location and flexible zoning make it an attractive proposition for investors seeking a strong return. Asking price is $675,000. The address is 1900 & 1906 W 3rd St, Bloomington, IN 47404.

    Property Features for 1900 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,768 SF
    Lot Size
    81,022 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    HighLights

    • $675,000 asking price for a 1,768 sq ft office building.
    • 1.86‑acre lot size in Bloomington, Indiana.
    • Property includes a 1,768 sq ft office building and an adjacent vacant lot.
    • Mixed‑use zoning allows for retail, drive‑thru restaurants, office space, or contractor services.
    • Building features eight private offices and a large reception area.
    • Located at 1900 & 1906 W 3rd St, Bloomington, IN 47404.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5587659
    Latitude
    39.1649042

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    FAQs

    What type of property is this?
    Office Property / Space - 1,768 sq ft office, 1.86 acres
    Where is this office property / space located?
    The property is located at 1900 3Rd St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price for a 1,768 sq ft office building.; 1.86-acre lot size in Bloomington, Indiana.; Property includes a 1,768 sq ft office building and an adjacent vacant lot.
    Request Owner's contact information
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1900 3Rd St Bloomington, IN 47404
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