123 S Franklin Rd, Bloomington, IN 47404
- Medical Office Space
- 5,494 SF
- 1.02 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 123 S Franklin Rd
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 1.02 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 53-05-31-300-007.000-005
- APU
- 530531300007000005
Description
This exceptional commercial property, situated at 123 S Franklin Road in Bloomington, Indiana, presents a compelling investment opportunity. The 5,494 square foot office building boasts a highly desirable location on the city's west side, offering excellent visibility and significant road frontage. The property's mixed-use zoning allows for versatility and future development potential. Extensive recent updates and renovations enhance the building's appeal and functionality. A substantial 30,000 square feet of paved site provides ample parking and maneuvering space. Currently, the building is fully leased to MedExpress under a triple-net lease agreement, ensuring a stable and predictable income stream. The lease has several years remaining, with options for extension, providing long-term financial security for the investor. The 1.02-acre lot offers room for expansion or future development, adding further value to this already impressive asset. This property is ideally suited for investors seeking a strong, established tenant and a prime location in a thriving Bloomington market. The combination of a stable lease, significant site improvements, and a desirable location makes this a truly exceptional investment opportunity. The asking price is $2,900,000.
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Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5706
- Latitude
- 39.1653
- CBSA code
- 14020
- CBSA name
- BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
