Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    Atwater Ave, Bloomington, IN 47401

    0.2 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Lot 0.2 ac (8,712 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own Atwater Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message