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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3251 3Rd St Bloomington, IN 47404

172,425 SF
Property ID
Property summary
AI-generated overview

Whitehall Plaza presents a compelling investment opportunity in Bloomington, Indiana's thriving retail market. This 172,425-square-foot grocery-anchored center boasts an excellent location, less than three miles from Indiana University, ensuring high visibility and foot traffic. The property benefits from exceptional access, featuring two signalized entrances off West 3rd Street (U.S. Route 48), a major thoroughfare with 25,000 vehicles per day, and three additional access points. Its strategic position directly off Interstate 69 (36,000 VPD), Indiana's primary north-south artery, further enhances its accessibility and visibility. The surrounding area demonstrates strong demographics, with a population of nearly 103,000 residents within a five-mile radius and average household incomes exceeding $79,000. Currently, there is 6,500 square feet of vacant space available, including one 1,600-square-foot unit, presenting a unique opportunity for expansion or new tenancy within a well-established center. This property offers a blend of established success and growth potential, making it an attractive investment for discerning buyers. The multiple tenancy structure provides diversification and stability, while the strong demographics and convenient location ensure a robust customer base.

Property profile
Verified
Property type Retail properties & Spaces
Total area 172,425 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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