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Property profile & analytics
FOR SALE
Warehouses

1020 W Allen St Bloomington, IN 47403

8,400 SF 4.53 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US31-0908166
Property summary
AI-generated overview

This exceptional 4.53-acre commercial and industrial land parcel presents a remarkable development opportunity in Bloomington, Indiana. Situated at 1020 W Allen St, this property boasts a highly desirable ME (Mix-use Employment) zoning designation, offering flexibility for a wide range of commercial and industrial uses. The lot includes a substantial pre-existing 42' x 200' concrete pad, significantly reducing initial infrastructure costs for prospective developers. Its strategic location near downtown Bloomington and directly across from Catalent Pharma Solutions provides excellent visibility and accessibility. The property's address is 1020 W Allen St, Bloomington, IN 47403, within Monroe County. The asking price for this exceptional development opportunity is $1,475,000. This prime location and existing infrastructure make this a compelling investment for businesses seeking to establish a presence in a thriving Indiana market. The property's coordinates are 39.15565130516193 latitude and -86.54482008606426 longitude.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1977
Construction WOOD
Total area 8,400 SF
Lot 4.53 ac (197,327 SF)
APN 53-08-05-400-010.000-009
UPID US31-0908166
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
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k
Owner & transaction history
1020 W Allen LLC · 5 yrs held
1020 W Allen LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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