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Property profile & analytics
OFF-MARKET Estimated value $1,020,000
Hotels

1410 Walnut St Bloomington, IN 47404-2403

75,012 SF 1.22 ac lot Built 2018
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US31-1024834
Property summary
AI-generated overview

This exceptional 3,726-square-foot commercial space, located within the Home2 Suites by Hilton Bloomington at 1410 N Walnut St, Bloomington, IN 47404, presents a unique investment opportunity. Situated in the highly desirable Indiana University submarket, this property boasts a prime location with over 11,000 vehicles passing daily, ensuring high visibility and foot traffic. Currently vacant, the space is adaptable to a variety of uses, including retail, restaurant, or high-end office space. The property is zoned C-1 and offers convenient outside access along N Walnut Street. The space is located on the lower level of the hotel, and the hotel will provide dedicated parking for the tenant. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 3,726 square feet. The lease is a triple net (NNN) lease, and the owner is willing to build the space to a "white box" condition. The property's proximity to downtown Bloomington and Indiana University makes it an ideal location for businesses seeking high traffic and a strong customer base. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving area. Contact us today to learn more about this exceptional property.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2018
Construction WOOD
Total area 75,012 SF
Lot 1.22 ac (53,143 SF)
APN 53-05-28-300-152.000-005
UPID US31-1024834
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
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.02M
Owner & transaction history
Motels Of Bloomington LLC · 10 yrs held
Motels Of Bloomington LLC
since 2016
6 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2018
Price N/A
2016
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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