Property profile

3001 N Smith Pike Bloomington, IN 47404

FOR SALE
Retail space
Property ID
US31-2258617
1,800 SF 0.57 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a solid steel Graber-constructed commercial building in Bloomington, Indiana (Monroe County) on Smith Pike, situated on a 0.57-acre lot and accompanied by a separate storage building. The site includes parking with two access points to the parking lot and prominent signage. The interior layout features an open-span showroom measuring 48 by 21 feet, with a 9-foot drop ceiling painted black, and a 12-foot ceiling behind the front counter area where retail shelving is installed. Office space measures 10 by 13 feet and includes a counter with a small sink. A kitchen space is similar in size and includes a range and refrigerator. The building’s front facade includes an EFIS finish added inside the decorative exterior surround at the top. The facility is configured to support retail use, including grocery or convenience retail operations, and has historically been operated as a convenience store with a two-way liquor license, a tobacco license, and a humidity-controlled cigar room.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction WOOD
Total area 1,800 SF
Lot 0.57 ac (24,916 SF)
APN 53-04-24-200-180.000-011
UPID US31-2258617

Cap rate & NOI

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

Location

3001 N Smith Pike Bloomington, IN 47404
Bloomington metro Census 1305 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2018
$287,500

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message