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    601 Morton St Bloomington, IN 47404

    Sponsored
    For Lease
    $20 SF/Yr

    Historic Charm, Modern Updates, 14,000 SF

    Lot size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning three-story, 21,000-square-foot Class B office building, originally constructed in 1916 and extensively renovated in 2023, presents a unique leasing opportunity in Bloomington, Indiana. Located at 601 N Morton St, 47404, this single-tenant property offers 14,000 square feet of meticulously restored space, blending historic character with contemporary functionality. The building boasts exquisite original woodwork and flooring, preserved during the recent renovation. The main level features two executive offices, a conference room, several individual offices, and an open collaborative workspace, ideal for fostering teamwork and innovation. The second floor provides additional office space and a remarkable event room, originally designed to accommodate up to 900 guests for corporate events, dances, or film screenings. This versatile space offers significant potential for a variety of uses. While there are no elevators, the building's unique architectural details and prime location make it an exceptional opportunity for a discerning tenant seeking a prestigious and functional office space in the heart of Bloomington. The property is categorized as both Executive and Creative Office space.

    Property Features for 601 Morton St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF
    Class
    B
    Total Rate
    35000

    Building Details

    Year Built/Renovated
    1916/2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    14,000 SF
    Rate per SF
    $20

    HighLights

    • Stunning three‑story, 21,000‑square‑foot Class B office building in Bloomington, Indiana, extensively renovated in 2023.
    • Located at 601 N Morton St, 47404, this single‑tenant property offers 14,000 square feet of renovated space.
    • Features meticulously restored original woodwork and flooring.
    • Main level includes executive offices, conference room, individual offices, and open workspace.
    • Second floor offers additional office space and a large event room (capacity 900).
    • Executive and creative office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -86.536107893164
    Latitude
    39.171673029286

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    FAQs

    What type of property is this?
    Office space - Historic Charm, Modern Updates, 14,000 SF
    Where is this office space located?
    The property is located at 601 Morton St Bloomington, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Stunning three-story, 21,000-square-foot Class B office building in Bloomington, Indiana, extensively renovated in 2023.; Located at 601 N Morton St, 47404, this single-tenant property offers 14,000 square feet of renovated space.; Features meticulously restored original woodwork and flooring.
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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
    601 Morton St Bloomington, IN 47404
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