Financial
Distress signals
Property profile

5340 S Old State Road 37 Bloomington, IN 47401

FOR SALE
Retail space
Property ID
US31-1222798
3,600 SF 0.37 ac lot Built 1997
Last sale Aug 2024 · $700,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two parcels with two commercial buildings sharing a common asphalt parking lot. One building, located at 5340 S. Old State Road 37, was built in 1997 and contains four office suites, each including a half bath. The second building, located at 5350 S. Old State Road 37, was built in 1956 and includes a 4,320-square-foot retail building with a partial basement and two half baths. The five spaces are configured for separate tenant use and are served by the shared parking

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.

Mortgages

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?
$3k
Tax billed · 2023
Assessed value$158k
Assessed land$34k
Assessed improvement$124k
Effective rate1.60%

Value estimate

· Sep 2026
$700k
$630k – $770k
AI approach$700k
CAP approach$745k
NOI build-up
Gross scheduled income$149k
Vacancy & credit loss−$36k
Operating expenses−$28k
NOI · 9.72% cap applied$85k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$152/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$83 – $214

Cap rate analysis

How does the asset earn?
9.72%
$85k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
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 agency12.0
Pharmacy9.7
Wholesale Shop9.6

Location

5340 S Old State Road 37 Bloomington, IN 47401
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

5 recorded sales · 17 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2611 3rd, Bloomington, IN 47401-5345 $2,150,000 Apr 2025 42,000 SF
328 Walnut, Bloomington, IN 47401-3507 $490,000 Jan 2022 No data
2701 3rd, Bloomington, IN 47401-5433 $1,021,199 Nov 2019 10,856 SF
3160 Walnut, Bloomington, IN 47401-7337 $550,000 Jul 2019 9,460 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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