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Property profile & analytics
OFF-MARKET
Warehouses

1461 Bloomfield Rd Bloomington, IN 47403

5,800 SF 2.5 ac lot Built 1991
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1991
Total area 5,800 SF
Lot 2.5 ac (108,900 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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