1802 17th St Bloomington, IN 47404-2912

Property Details for 1802 17th St

Year built

1994

Construction

WOOD

Lot size

1.34 lot acres

Property size

3,800 SF

Property type

Office Properties & Spaces

APN

53-05-29-300-025.000-005

APU

530529300025000005

Description

This exceptional Class A office building presents a compelling investment opportunity in Bloomington, Indiana. Located at 1802 W 17th St, this single-story, 3,800 square foot property boasts a strong 8.5% capitalization rate and an asking price of $725,000 ($190.79 per square foot). Currently operating at 100% occupancy with two tenants, the building features a modified lease structure and is zoned ME (Mixed-use Employment), offering flexibility for future use. The property comprises two units within a single building, each offering a high level of independence. Each unit includes double entry doors, individual kitchenettes, private bathrooms, and separate HVAC systems, water heaters, and utility meters. This ensures efficient management and cost allocation for both tenants and the property owner. The building is situated on the Northwest side of Bloomington, providing convenient access to local amenities and transportation routes. Private parking is available, adding further value to this attractive investment. The current tenants share a common area, creating a unique and efficient layout. This turnkey investment is ideal for those seeking a stable, high-yielding asset in a thriving Indiana market.