23 Washington St Bloomfield, IN 47424-1215
- Retail space
- 2,880 SF
- 0.03 lot acres
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
-
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