608 Dunn St Bloomington, IN 47408

Property Details for 608 Dunn St

Year built

2018

Lot size

0.08 lot acres

Property type

Commercial real estate

Description

This exceptional three-story commercial building at 608 N Dunn Street in Bloomington, Indiana presents a compelling investment opportunity. Situated on a 0.08-acre lot, this property boasts a unique blend of commercial and residential spaces, maximizing income potential. Currently featuring one commercial unit and six residential units, the property is strategically located just blocks from Kirkwood Avenue and within easy walking distance of Indiana University's campus. This prime location ensures high occupancy rates and strong rental demand, particularly among students. The building is well-maintained and offers a desirable rooftop deck, providing tenants with an attractive outdoor amenity. The property is pre-leased, generating immediate cash flow. Current monthly rent stands at $8,900, with scheduled increases to $9,200 in August 2025 and $10,010 in August 2026, ensuring consistent and growing returns. The lease extends until July 2027, providing long-term financial stability. This turnkey investment offers a rare combination of immediate income, future appreciation potential, and a highly sought-after location in a thriving college town. The property is priced at $1,365,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio.