3251 3Rd St Bloomington, IN 47404
- Retail properties
- 172,425 SF
Current Use by Public Records
- Retail properties
Property Details for 3251 3Rd St
- Property size
- 172,425 SF
- Property type
- Retail properties
Description
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.
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
- -86.5763
- Latitude
- 39.1631
