1215 Washington St Bloomington, IN 47408
- Commercial real estate
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1215 Washington St
- Year built
- 1920
- Lot size
- 0.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property at 1215 N Washington Street in Bloomington, Indiana, presents a compelling investment opportunity. Situated on a 0.25-acre lot, this fully remodeled building offers immediate income generation. Currently leased and producing $4,250 in monthly rent, the property is poised for significant growth. A planned rent increase to $6,000 per month, effective August 2025 through July 2026, promises enhanced returns. The property's prime location, just minutes from Indiana University, ensures high occupancy rates and consistent rental income. Tenants are responsible for all utility costs, minimizing operational expenses for the owner. This streamlined income stream, coupled with the property's recent modernization and strong rental demand in a university-adjacent area, makes this a highly attractive investment. The property's proximity to Indiana University guarantees a consistent pool of potential tenants, minimizing vacancy periods and maximizing return on investment. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Bloomington location. The projected rent increase further solidifies this property's potential for substantial long-term growth and profitability. The asking price is $837,120. Don't miss this chance to add a valuable asset to your portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5325
- Latitude
- 39.1785
