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
Entity Owned 6-yr Hold ~ Est. High Equity
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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 accessibility throughout the building. The updated interior provides a modern and functional environment for your business operations. This traditional office space is perfect for a company seeking a well-maintained and conveniently located office in Bloomington, Indiana. The property's location offers easy access to local amenities and transportation routes. This is a fantastic opportunity to secure a desirable office space in a thriving community. Don't miss out on this chance to establish your business in this well-maintained and conveniently located building.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction WOOD
Total area 2,520 SF
Lot 0.26 ac (11,543 SF)
APN 53-08-02-200-033.000-009
UPID US31-1293260

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

616 S College Mall Rd Bloomington, IN 47401
Bloomington metro Census 901 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2019
3 recorded transactions
2019
$850,000
2016
Price N/A
2015
$483,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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