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    318 College Mall Rd Bloomington, IN 47401

    Sponsored
    For Lease
    Contact for pricing

    Bloomington, IN retail spaces available.

    Lot size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail property, located at 318-510 S. College Mall Rd, Bloomington, IN 47401, offers 8,500 square feet of space with multiple suites available. The property boasts a prime location at the high-traffic intersection of 3rd Street and State Road 46, just 0.5 miles from Indiana University (48,000 students). The center is directly across from College Mall, a 600,000 square foot shopping center featuring major anchors like Target, Fresh Thyme, and Dick's Sporting Goods. Currently, 4,275 square feet are vacant, divisible into spaces as small as 1,927 square feet, with a maximum contiguous space of 4,275 square feet. The property features a strong tenant mix including DSW, Mattress Firm, PetCo, FedEx, Noodles & Company, CVS, and McAllister's Deli. The area enjoys a daytime population exceeding 30,000 within a one-mile radius. Recently renovated in 2024, this property benefits from the proximity of the new IU Hospital located a mile north on SR 46 and a recently opened Dunkin' Donuts significantly exceeding sales projections. The property is zoned GCA (General Commercial Area) and its APN is 53-08-02-200-029.000-009. This is an unparalleled opportunity to establish a presence in a thriving Bloomington retail market.

    Property Features for 318 College Mall Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,500 SF
    Class
    A

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,500 SF
    Space
    Available Space 2
    Size
    3,000 SF
    Space
    Available Space
    Size
    4,275 SF
    Space
    Available Space 4
    Size
    44,574 SF

    HighLights

    • 5,500 SF inline suite available, previously occupied by FedEx.
    • High‑visibility signage opportunity.
    • New monument and readerboard signs installed.
    • Excellent 3rd Street frontage and visibility.
    • Dense daytime population (30,000 within 1 mile radius).
    • Additional 4,275 SF available in separate outbuilding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -86.498736012629
    Latitude
    39.163217208881

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    FAQs

    What type of property is this?
    Restaurant - Bloomington, IN retail spaces available.
    Where is this restaurant located?
    The property is located at 318 College Mall Rd Bloomington, IN.
    What are key features of this property?
    This property features: 5,500 SF inline suite available, previously occupied by FedEx.; High-visibility signage opportunity.; New monument and readerboard signs installed.
    Request Owner's contact information
    318 College Mall Rd Bloomington, IN 47401
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    Bloomington, IN 47401
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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
    318 College Mall Rd Bloomington, IN 47401
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