1351 College Mall Rd Bloomington, IN 47401
- Theaters & concert halls
- 35,412 SF
- 7.84 lot acres
Current Use by Public Records
- Theaters & concert halls
Property Details for 1351 College Mall Rd
- Year built
- 1991
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 7.84 lot acres
- Property size
- 35,412 SF
- Property type
- Theaters & concert halls
- APN
- 53-08-02-300-018.000-009
- APU
- 530802300018000009
Description
This exceptional commercial property, a former AMC Theater, presents a unique opportunity for retail development or redevelopment in Monroe County. The entire building, totaling 35,267 square feet, is currently vacant and available for lease. The property features two large, contiguous spaces, offering significant flexibility for a variety of retail uses. The expansive layout allows for creative design and configuration to suit diverse business needs. The substantial lot size of 7.83 acres provides ample parking and potential for future expansion or outdoor amenities. The property's high visibility and prominent location within Monroe County offer excellent exposure to a large customer base. Its previous use as a successful entertainment venue suggests strong potential for attracting significant foot traffic and generating substantial revenue. This is an ideal opportunity for a single large tenant or multiple smaller tenants seeking a high-impact location with significant square footage. The property's size and location make it suitable for a wide range of retail concepts, from large-format stores to smaller boutique shops. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space. The property is ready for immediate occupancy, offering a blank canvas for a visionary entrepreneur or established business seeking to expand its reach. The ample land provides significant potential for future development and customization. This is a rare opportunity to acquire a substantial retail property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $690,000
- 6.5%
- $725,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $780,000
- Retail
- $765,000
- Mixed-Use
- $580,000
- Hospitality
- $695,000
- Educational
- $785,000
- Residential Income
- $690,000
- Energy
- $695,000
- Income-Based Land
- $710,000
- Food Service
- $770,000
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.4963
- Latitude
- 39.1512
- CBSA code
- 14020
- CBSA name
- BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
