Atwater Ave Bloomington, IN 47401
- Commercial real estate
- 0.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Atwater Ave
- Year built
- 1920
- Lot size
- 0.20 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment property, located at 1000 & 1002 E Atwater Avenue in Bloomington, Indiana, presents a rare opportunity to acquire a fully leased commercial asset in a highly desirable location near Indiana University. The property consists of two buildings with a combined 21 rooms, currently generating a substantial monthly rental income of $20,475. This income stream is projected to increase to $21,840 per month in August 2025, reflecting a strong upward trajectory. All leases are secured through July 2026, providing investors with dependable income and long-term stability. The property sits on a 0.2-acre lot and offers ample off-street parking, a significant advantage for tenants and contributing to the property's overall desirability. Its proximity to Indiana University ensures a consistent demand for rental space, making this an ideal investment for those seeking a premium, income-producing asset in a prime Bloomington location. The asking price for this exceptional opportunity is $2,808,000. This property offers a compelling combination of strong rental income, secure leases, and a prime location, making it an attractive investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5282
- Latitude
- 39.1642
