Property summary
This exceptional investment opportunity presents a two-story, 19,650-square-foot retail property in Bloomington, Indiana, currently housing three tenants under a triple-net (NNN) lease. The building, situated at 405 W Patterson Dr, 47403, boasts a prime location on Bloomington's south side, offering convenient access to Switchyard Park, the vibrant downtown area, and the popular B-line Trail. Its proximity to Catalent Pharma Solutions further enhances its desirability. The property features two ground-floor restaurant spaces and a second-floor office space, all currently operating at 100% occupancy. The existing leases have a term of five years, providing immediate and consistent cash flow. The asking price is $2,650,000, translating to a price per square foot of $134.86. The property is zoned PUD and comprises one building with two stories. This multi-tenant retail investment offers a strong return on investment with its established tenants, desirable location, and stable lease structure. The property's size and diverse tenant mix make it an attractive asset for discerning investors seeking a secure and profitable addition to their portfolio. This is a rare opportunity to acquire a well-positioned, fully occupied commercial property in a thriving Indiana market.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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