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Property profile & analytics
OFF-MARKET Estimated value $415,000
Warehouses

1499 Bloomfield Rd Bloomington, IN 47403-2010

12,840 SF 1.19 ac lot Built 1993
Entity Owned Free & Clear
Property ID
US31-0830220
Property summary
AI-generated overview

This exceptional commercial property at 1499 W Bloomfield Road, Bloomington, IN, offers a unique blend of modern office space and ample warehouse facilities. The main building boasts approximately 7,000 square feet of climate-controlled warehouse space, featuring a semi-truck dock door, two service doors, steel construction without interior beams, and impressive 18-20 foot ceilings. Adjacent to the main building is a second, separate warehouse totaling 3,120 square feet, equipped with a service door and heating. The office area comprises seventeen individual suites, two kitchens, and three bathrooms, all enhanced by attractive wood floors and abundant natural light from large windows in every office. Two spacious conference rooms provide ideal settings for meetings and presentations. The property includes a substantial 61 kWp net-metered solar array, significantly reducing energy costs, and is protected by a durable metal roof. Ample parking is available, accommodating approximately forty vehicles, with convenient semi-truck access for easy loading and unloading. The location is highly desirable, offering proximity to Interstate 69, the city of Bloomington, and Indiana University. The asking price is $2,990,000, and the property sits on a 1.18-acre lot.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1993
Construction TYPE NOT SPECIFIED
Total area 12,840 SF
Lot 1.19 ac (51,662 SF)
APN 53-08-06-104-118.000-009
UPID US31-0830220
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
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$712k
Blend (final) Blend
$415k
Owner & transaction history
BELLWETHER PROPERTIES LLC
BELLWETHER PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $615,000 +28.1%
Medical building $580,000 +21.0%
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