Property profile

23 Washington St Bloomfield, IN 47424

OFF-MARKET
Retail space
Property ID
US31-2146504
2,880 SF 0.03 ac lot Built 1900
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 69,900 dollar commercial property located at 23 N Washington Street in Bloomfield, Indiana, presents a unique investment opportunity. Situated on a 0.03-acre lot, this building boasts a flexible layout ideal for a variety of uses. Previously a successful dance studio, the building features two street-level entry doors, a welcoming check-in/reception area with comfortable seating for visitors, and a viewing window overlooking the main studio space. A half-bath is conveniently located on the main floor. Large windows throughout flood the space with natural light, creating a bright and airy atmosphere. The spacious main studio area is complemented by full-length mirrors and ample closet storage. The lower level offers a large open area, an additional parent's waiting area, and a dedicated maintenance room. High ceilings on both levels allow for unrestricted movement and teaching, while ceiling fans and recessed lighting (in the basement) ensure comfort and functionality. Extra-wide stairs connect the two levels, ensuring easy access. The building's abundant electrical outlets and its proximity to the Greene County Courthouse (one block north) make it an attractive option for various businesses. Potential uses include office spaces, a large conference room, co-working spaces, or shared workspaces. The adaptable design and prime location make this property a compelling investment prospect.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 2,880 SF
Lot 0.03 ac (1,440 SF)
APN 28-08-23-333-008.000-025
UPID US31-2146504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23 Washington St Bloomfield, IN 47424-1215
Bloomfield metro Census 955400 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2011
$23,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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