1461 Bloomfield Rd Bloomington, IN 47403
This exceptional redevelopment opportunity encompasses a 2.5-acre lot in Bloomington, Indiana, featuring three buildings totaling 5,800 square feet. The property, located at 1461 W Bloomfield Rd, 47403, boasts a prime location near I-69, Indiana University, and the city center, ensuring high visibility and accessibility. The existing structures include a warehouse with 22-foot-high ceilings and 22-foot dock-high doors, complemented by three loading docks. The property's mixed-use corridor zoning allows for diverse development options, making it ideal for owner-users seeking to create a customized space. Built in 1991, the single-story buildings offer significant potential for renovation or new construction. The expansive lot provides ample space for expansion or additional development. This property presents a unique chance to capitalize on Bloomington's thriving market and create a high-value asset. The occupancy date is projected for October 10, 2024. The asking price is $950,000. The property consists of five connecting parcels, offering flexibility and potential for future expansion. The warehouse features 18-foot-high ceilings and 24-foot columns on the interior of the exterior walls. This location offers easy access to Bloomington's amenities and benefits from high traffic volume.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.