220 Bloomingdale Dr Bristol, IN 46507-8405
This vacant 1,764-square-foot medical office building in Bristol, Indiana, is situated on approximately 1.76 acres (two separate lots totaling this acreage) and presents a compelling investment opportunity. Built in 1984, the single-story structure is part of a two-building complex, zoned M2. The property features a single entrance on Bloomingdale Drive, with prominent road signage ensuring high visibility. The ample parking lot includes drainage and security lighting. The building itself offers 1,764 square feet of main-level space, supplemented by a 720-square-foot basement. The property's location benefits from high traffic counts on a main road, and the Town of Bristol is actively working to revitalize the area to attract new businesses. A new funeral home is under construction across the street, further enhancing the location's appeal. The property's APN is 20-03-27-476-022.000-031 & 20-03-27-476-023.000-031. The asking price is $195,000, translating to $110.54 per square foot. This is a single-unit, vacant property ready for immediate occupancy.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Bristol, INBristol. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.