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Financial
Distress signals
Property profile

616 S College Mall Rd Bloomington, IN 47401

FOR SALE
Retail space
Property ID
US31-1293260
2,520 SF 0.26 ac lot Built 1974
Last sale Oct 2019 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A office building, located at 616 S College Mall Rd, Bloomington, IN 47401 (cross street: 2nd Street), presents a rare opportunity. The single-tenant space totals 2,520 square feet, ideal for a business seeking a comfortable and efficient workspace. Built in 1974, the building is a one-story structure situated in Monroe County. The property offers convenient parking with 8-10 spaces available. While there are no elevators, the single-story design ensures easy…

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?
$7k
Tax billed · 2023
Assessed value$662k
Assessed land$318k
Assessed improvement$344k
Effective rate1.06%

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$11k
Operating expenses−$9k
NOI · 2.36% cap applied$27k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$145/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$78 – $276
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.36%
$27k 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: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath10.5
Daycare Center10.0
Pawn Shop10.0

Location

616 S College Mall Rd Bloomington, IN 47401
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 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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