$735,000 4,302 SF

4638 E State Road 45, Bloomington, IN 47408
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The Poplar Grove School is a historic, two-level schoolhouse building located on the east side of Bloomington near Indiana University and the IU Health Bloomington Hospital. The property contains over 4,300 square feet and includes two levels with restrooms and a kitchenette on each floor. The interior layout features 10 office spaces, an open common area, and storage; the first level includes a larger open area with original hardwood floors. The building has more than 50 windows that provide…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$2k

Tax billed · 2023

Assessed value$223k

Assessed land$45k

Assessed improvement$178k

Effective rate0.78%

Value estimate

· Oct 2026

$355k

$320k – $391k

AI approach$390k

NOI build-up

Gross scheduled income$81k

Vacancy & credit loss−$19k

Operating expenses−$15k

NOI · 6.29% cap applied$46k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$118/SF

County average, outlier-cleaned · 58 recorded sales of this use type

Observed band · Q1–Q3$61 – $168

Cap rate analysis

How does the asset earn?

6.29%

$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency15.8

Law Firm13.1

Hair Salon11.8

4638 E State Road 45 Bloomington, IN 47408

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

15 properties in this city

No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.

Comparable in this city

Value Estimation by Request

3901 Hagan St Ste G

OFFICE BUILDING

3901 Hagan St Ste G, Bloomington, IN 47401-8516

View Details
Value Estimation
$85,000

3925 Hagan St Ste, Unit 202

OFFICE BUILDING (MULTI-STORY)

3925 Hagan St Ste, Bloomington, IN 47401-8649

View Details
Value Estimation by Request

1602 3rd St

OFFICE BUILDING

1602 3rd St, Bloomington, IN 47404-5094

View Details
Value Estimation
$275,000

0.52 Acres

453 Clarizz Blvd

OFFICE BUILDING

453 Clarizz Blvd, Bloomington, IN 47401-5517

View Details
Value Estimation
$250,000

0.14 Acres

487 Clarizz Blvd

OFFICE BUILDING

487 Clarizz Blvd, Bloomington, IN 47401-5517

View Details
Value Estimation by Request

1095 State Rd 446

OFFICE BUILDING

1095 State Rd 446, Bloomington, IN 47401

View Details

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Similar in This City for Lease

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4638 E State Road 45 Bloomington, IN 47408

Property summary