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Financial
Distress signals
Property profile

123 S Franklin Rd Bloomington, IN 47404

FOR SALE
Medical Office Space
Property ID
US31-0765139
5,494 SF 1.02 ac lot Built 1993
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 5,494-square-foot mixed-use office building located on the west side of Bloomington, Indiana, with road frontage and high visibility along the adjacent roadway. The site includes approximately 30,000 square feet of paved area. The building has received multiple updates and renovations. It is configured as an office-focused mixed-use facility and is currently subject to an existing lease arrangement under a triple-net structure.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$1.09M
Assessed land$562k
Assessed improvement$532k
Effective rate2.12%

Value estimate

· Oct 2026
$425k
$383k – $468k
AI approach$390k
NOI build-up
Gross scheduled income$837k
Vacancy & credit loss−$201k
Operating expenses−$159k
NOI · 16.45% cap applied$477k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
16.45%
$477k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.4
Realty agency11.1
Parking Facility9.6

Location

123 S Franklin Rd Bloomington, IN 47404
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

15 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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