4638 E State Road 45, Bloomington, IN 47408
This office building, previously the Poplar Grove School, provides over 4,300 square feet of space across two levels. The interior features renovations, including updated paint and carpet. Each level includes restrooms and a kitchenette. The layout comprises 10 office spaces, an open common area, and storage. The first level features a larger open area with original hardwood floors and over 50 windows, providing natural light. The property is situated on just over 1.05 acres and includes more than 25 parking spots. Zoned Limited Business (LB), the property is suitable for a variety of uses including daycare, office space, retail, studio/gallery space, massage therapy, music therapy, counseling, real estate, freelance work, law firms, and insurance. The property is located on the east side of Bloomington, Indiana, near Indiana University and the IU Health Bloomington Hospital. The living area is 2151 square feet. The building is designed to be divisible.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.