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    3251 3Rd St Bloomington, IN 47404

    Sponsored
    For Lease
    Contact for pricing

    Grocery-anchored center, prime Bloomington location.

    Lot size:
    172,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Whitehall Plaza presents a compelling investment opportunity in Bloomington, Indiana's thriving retail market. This 172,425-square-foot grocery-anchored center boasts an excellent location, less than three miles from Indiana University, ensuring high visibility and foot traffic. The property benefits from exceptional access, featuring two signalized entrances off West 3rd Street (U.S. Route 48), a major thoroughfare with 25,000 vehicles per day, and three additional access points. Its strategic position directly off Interstate 69 (36,000 VPD), Indiana's primary north-south artery, further enhances its accessibility and visibility. The surrounding area demonstrates strong demographics, with a population of nearly 103,000 residents within a five-mile radius and average household incomes exceeding $79,000. Currently, there is 6,500 square feet of vacant space available, including one 1,600-square-foot unit, presenting a unique opportunity for expansion or new tenancy within a well-established center. This property offers a blend of established success and growth potential, making it an attractive investment for discerning buyers. The multiple tenancy structure provides diversification and stability, while the strong demographics and convenient location ensure a robust customer base.

    Property Features for 3251 3Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    172,425 SF

    Unit(s) available at that property

    Space
    Suite 3259
    Size
    1,600 SF

    HighLights

    • 172,425 SF grocery‑anchored center in Bloomington, IN, near Indiana University.
    • Excellent access via two signalized entrances on W 3rd St (US Route 48, 25,000 VPD) and three additional access points.
    • Prime I‑69 (36,000 VPD) location.
    • Strong demographics: 103,000 residents within 5 miles, average household income exceeding $79,000.
    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 Hair Salon 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
    -86.576270044229
    Latitude
    39.163118640617

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored center, prime Bloomington location.
    Where is this retail property located?
    The property is located at 3251 3Rd St Bloomington, IN.
    What are key features of this property?
    This property features: 172,425 SF grocery-anchored center in Bloomington, IN, near Indiana University.; Excellent access via two signalized entrances on W 3rd St (US Route 48, 25,000 VPD) and three additional access points.; Prime I-69 (36,000 VPD) location.
    Request Owner's contact information
    3251 3Rd St Bloomington, IN 47404
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    Bloomington, IN 47404
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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
    3251 3Rd St Bloomington, IN 47404
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