Atwater Ave, Bloomington, IN 47401
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.