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    Bloomington, IN Office Spaces for Sale

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    Split-Level Office Schoolhouse
    Updated: Feb 5
    Split-Level Office Schoolhouse

    4638 E State Road 45, Bloomington, IN 47408

    $735,000
    4,302 sqft 1.05 AC lot
    Historic Poplar Grove School building with 4,300+ sqft across two levels, freshly painted and split between 10 office spaces and common/open areas.
    New carpet plus original hardwood floors and 50+ new windows for bright interior space.
    Each level includes restrooms and a kitchenette; basement included in the layout.
    Just over 1.05 acres with 25+ parking spots and off‑street parking.
    Limited Business (LB) zoning with flexibility for uses such as daycare, office, retail, studio/gallery, massage/music therapy, counseling, and more.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4638 E State Road 45, Bloomington, IN 47408

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $46K
      Annual

    • Mortgage

      $100K
      Recorded

    • Last Sold

      Jun 2022
      $440K

    • Property Type

      Commercial Office (General)
      Built 1928
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    Office-Warehouse Flex Facility
    Updated: Jun 29
    Office-Warehouse Flex Facility

    4700 W Innovation Drive, Bloomington, IN 47404

    $1,800,000
    1.73 AC lot
    Approximately 6,630 SF versatile office/warehouse on 1.73 acres in Bloomington’s west‑side business corridor
    Heated and air‑conditioned warehouse with 5,000+ SF, high ceilings, epoxy‑coated floors, and floor drains
    Warehouse loading with six overhead doors and easy semi‑truck access
    Office suite with reception area, seven private offices, conference space, storage, utility room, and two ADA‑compliant restrooms
    Central air cooling, metal roof, and off‑street paved parking for employees, customers, and fleet vehicles
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    Office and Retail Buildings with Parking
    Office and Retail Buildings with Parking

    5340 & 5350 S Old State Road 37, Bloomington, IN 47401

    $875,000
    0.72 AC lot

    Two leased buildings with shared asphalt parking and five occupied suites along a highly visible south Bloomington corridor.

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    Leased Office and Retail Investment
    Leased Office and Retail Investment

    5340 South Old State Road 37, Bloomington, IN 47403

    $875,000
    31,363 sqft

    Two leased buildings on shared parking include office suites and a retail space with partial basement.

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    Historic Schoolhouse Office Building
    Historic Schoolhouse Office Building

    4638 E State Road 45, Bloomington, IN 47408

    $735,000
    1.05 AC lot

    Freshly painted, two-level office building with updated finishes, plentiful parking, and Limited Business zoning.

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    Mixed-Use Live-Work Property
    Mixed-Use Live-Work Property

    1235 W Gourley Pike, Bloomington, IN 47404

    $1,080,000
    1.34 AC lot

    New construction and a renovation-needed original home offer mixed-use flexibility near IU Stadium and visible from SR 45/46 Bypass.

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    Corner Office Building
    Corner Office Building

    1815 S Walnut Street, Bloomington, IN 47401

    $550,000
    0.37 AC lot

    Vacant corner building with reception, multiple offices, conference room, kitchenette, and accessible parking.

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    Bloomington Office/Retail Building For Lease
    Bloomington Office/Retail Building For Lease

    1815 S Walnut St, Bloomington, IN 47401

    Contact for pricing
    2,300 sqft 0.37 AC lot

    Well-maintained office/retail building with high visibility and accessibility.

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    Three-Story Brick Office Building
    Three-Story Brick Office Building

    1720 N Kinser Pike, Bloomington, IN 47404

    $2,950,000
    0.80 AC lot

    Three-story brick office building with elevator service, handicap access, private parking, and current occupancy.

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    Standalone School and Office Building
    Standalone School and Office Building

    525 W 17th Street, Bloomington, IN 47404

    $1,200,000
    0.90 AC lot

    Standalone building with flexible, school-ready layout suitable for education, childcare, office, or community use.

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    Two-Parcel Retail and Office Investment
    Two-Parcel Retail and Office Investment

    5340-5350 S Old State Rd 37, Bloomington, IN 47401

    $875,000

    Two leased buildings with shared parking and high visibility along S. Old State Road 37 south of Kroger and Wendy’s.

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    Downtown Office Building with Parking
    Downtown Office Building with Parking

    807 N College Avenue, Bloomington, IN 47404

    $899,900
    0.17 AC lot

    Adaptable two-level office building with private parking and a partially unfinished lower level for future expansion.

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    Office Condo with Reception Area
    Office Condo with Reception Area

    1602 W 3rd Street, Bloomington, IN 47404

    $204,900

    Flexible office layout with two private offices, open work area, and reception window in a visible office condo.

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    Bloomington Office Building For Sale
    Bloomington Office Building For Sale

    2917 S McIntire Dr, Bloomington, IN

    Contact for pricing
    7,502 sqft 1.04 AC lot

    Office building located on Bloomington's southern edge.

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    Single-Story Office Building
    Single-Story Office Building

    616 S College Mall Road, Bloomington, IN 47401

    $1,145,000
    0.27 AC lot

    Single-story office building with stone exterior, flat rubber roof, and off-street parking on a high-traffic corridor.

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    Leased Office Building with Updates
    Leased Office Building with Updates

    123 S Franklin Road, Bloomington, IN 47404

    $2,900,000
    1.02 AC lot

    Updated mixed-use office building leased on a triple-net basis with multiple years remaining.

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    Office Property for Sale
    Office Property for Sale

    2901 S Mcintire Dr |, Bloomington, IN 47403

    Contact for pricing
    7 sqft

    Office property available for sale.

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    Two-Story Brick Office Building
    Two-Story Brick Office Building

    515 S Woodscrest Drive, Bloomington, IN 47401

    $995,000
    0.12 AC lot

    Two-story brick office building with main-floor reception, offices, restrooms, and substantial basement storage.

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    Bloomington Office Building For Sale
    Bloomington Office Building For Sale

    123 S Franklin Road, Bloomington, IN 47404

    $2,900,000
    44,431 sqft

    Office building with 44,431 square feet in Bloomington.

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    Light Industrial Production with Office
    Light Industrial Production with Office

    125 S Westplex Avenue, Bloomington, IN 47404

    $725,000
    0.51 AC lot

    Light industrial building with production/shop space and dedicated office area, currently leased through June 2027.

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    Rehabbed Office with Open Layout
    Rehabbed Office with Open Layout

    1145 N Sunrise Greetings Ct, Bloomington, IN

    $1,600,000
    4,300 sqft 10.19 AC lot

    Office space with flexible layout, recently rehabbed in 2014.

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    Two-Building Office Property
    Two-Building Office Property

    113 - 117 E 19th Street, Bloomington, IN 47408

    $2,000,000
    0.52 AC lot

    Two office buildings with on- and off-street parking offer redevelopment flexibility near campus and major routes.

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    Versatile Property Near B-Line Trail
    Versatile Property Near B-Line Trail

    300 W 1st St, Bloomington, IN 47403

    $1,575,000
    6,120 sqft 0.57 AC lot

    Two-story, 6,120 SF property suitable for office or redevelopment.

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    Built-Out Professional Office Suite
    Built-Out Professional Office Suite

    509 W Gourley Pike, Bloomington, IN 47404

    Contact for pricing

    A finished office suite with a large reception area, private office, and work room, suited for professional services.

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    Bloomington, IN Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Bloomington, IN, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 96,010 square feet of properties for sale, with an estimated market value of $10,585,000.

    Sale prices for office spaces in Bloomington, IN start at $735,000, averaging $1,764,166, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 45
    Office buildings 22
    Medical Office Space 6
    Creative space 4
    Coworking space 3

    Demographics Overview

    Population 129K
    Population Growth (5Y) +5.6%
    Median Household Income $60,732
    College Educated 52.2%

    High-Yield Neighborhoods for Investment

    Identify Bloomington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47401 $1M
    47404 $1.1M
    47408 $1.2M
    47403 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.09%
    Property Tax per SF $17.52 per SF
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monroe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Monroe County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Bloomington fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Bloomington, IN

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