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    405 College Ave Bloomington, IN 47401

    Sponsored
    For Lease
    $13 SF/Yr ($1,860 /Mo)

    Versatile Office Space, Prime Location, 1600 SQFT

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,600 square foot commercial property at 405 S College Ave in Bloomington, Indiana, presents a unique opportunity for businesses seeking a vibrant and convenient location. Currently offering 825 square feet of immediately available space, this multi-tenant building is ideal for a variety of uses, including traditional office, creative office, coworking, medical office, or executive office settings. The property's prime downtown location offers excellent visibility and accessibility. The building features prominent signage opportunities, ensuring high brand recognition. Convenient on-site parking is also provided for tenants and their clients. The lease is structured as a modified gross lease, with tenants responsible for their own utilities. The property is categorized as both retail and office space, offering flexibility for a range of business needs. This is an exceptional chance to establish a presence in the thriving Bloomington, IN, 47401 market. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 405 College Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF
    Total Rate
    1860

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    825 SF
    Rate per SF
    $13

    HighLights

    • 1,600 SF commercial property at 405 S College Ave, Bloomington, IN.
    • 825 SF immediately available in multi‑tenant building.
    • Suitable for office, coworking, or medical uses.
    • Prime downtown location with excellent visibility and signage opportunities.
    • On‑site parking available.
    • Modified gross lease; tenants pay utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -86.534451006709
    Latitude
    39.162631131736

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    FAQs

    What type of property is this?
    Medical office - Versatile Office Space, Prime Location, 1600 SQFT
    Where is this medical office located?
    The property is located at 405 College Ave Bloomington, IN.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 1,600 SF commercial property at 405 S College Ave, Bloomington, IN.; 825 SF immediately available in multi-tenant building.; Suitable for office, coworking, or medical uses.
    Request Owner's contact information
    405 College Ave 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
    405 College Ave Bloomington, IN 47401
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