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Property profile & analytics

23 Washington St Bloomfield, IN 47424-1215

  • Retail space
  • 2,880 SF
  • 0.03 lot acres
OFF-MARKET
Value Estimation
$305,000
Location Intelligence
Property ID
US31-2146504
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 23 Washington St

Year built
1900
Construction
WOOD
Lot size
0.03 lot acres
Property size
2,880 SF
Property type
Retail space
APN
28-08-23-333-008.000-025
APU
280823333008000025

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $285,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $365,000
    7%
    $350,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $395,000
    Geo Method
    $390,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $315,000
    Mixed-Use
    $410,000
    Hospitality
    $420,000
    Educational
    $320,000
    Residential Income
    $410,000
    Energy
    $420,000
    Income-Based Land
    $320,000
    Food Service
    $410,000

Location Insight

  • Map
  • Local Demand
City
Bloomfield
County
Greene
State
Indiana
Longitude
-86.9371
Latitude
39.027
CBSA code
14020
CBSA name
BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,886
$2,700
$40,800
$43,500
-
$2,700
$40,800
$43,500
More about this property
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