101 Kirkwood AveBloomington, IN 47404

Property Details for 101 Kirkwood Ave

Year built

1975

Construction

WOOD

Lot size

0.86 AC

Property size (Sq ft)

131,951 SF

Property type

Office properties

Property subtype

Other office properties

APN

53-05-33-310-237.000-005

APU

530533310237000005

Description

This iconic Bloomington, Indiana, property, Fountain Square, offers 95,000 square feet of versatile commercial space. Originally constructed in 1859 and extensively renovated in 1988, this four-story building boasts a unique blend of historic charm and modern amenities. Currently, 11,352 square feet are available for lease, divisible into units ranging from 345 to 4,083 contiguous square feet. The building features twelve total suites, three elevators, and ample common areas with seating and electrical outlets. A stunning two-story fountain graces the lower level, complemented by artwork and elegant décor throughout. Its prime location at 101 W Kirkwood Ave, Bloomington, IN 47404, places it near the intersections of Walnut Street, College Avenue, and 4th Street, ensuring high visibility and accessibility. The building's history is rich, playing a key role in the revitalization of downtown Bloomington in the 1980s. Ten separate buildings were meticulously combined to create this unique, multi-purpose structure, ideal for a variety of retail and office tenants. The property is classified as Traditional Office, Executive Office, and Creative Office space, with storefront options also available. Multiple tenancy is supported. This is a rare opportunity to secure space in a landmark building in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $16,276,755

  6.5%

  $15,024,697

  7%

  $13,951,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,358,342

  Geo Method

  $11,358,342

• Alternative Use

  Use

  Valuation

  Residential

  $18,630,624

  Hospitality

  $17,065,552

  Educational

  $14,198,339

  Medical

  $14,686,641

  Retail

  $22,086,304

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1663

Longitude

-86.5342

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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