Property profile

318 College Mall Rd Bloomington, IN 47401

OFF-MARKET
Retail properties & Spaces
8,500 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 8,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Travel Agency

Location

318 College Mall Rd Bloomington, IN 47401
Bloomington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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