Property profile

620 Kirkwood Ave Bloomington, IN 47404

OFF-MARKET
Turn key restaurants
Property ID
US31-1019134
2,570 SF 0.2 ac lot Built 1970
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This mixed-use building is located on Kirkwood Avenue in Bloomington’s Near Westside, approximately five blocks from Courthouse Square. The property comprises two addresses—620 (downstairs) and 624 (upstairs)—and covers 2,580 square feet on a 0.2-acre lot, with dedicated on-site parking. It is zoned GB–General Business (MO) and is configured with restaurant-related features, including seating for over 100 people, upper and lower deck areas, a 12 x 8 walk-in cooler, a dishwasher, a six-burner gas stove with griddle, and Type 1 and Type II hood systems; the Type II hood is described as convertible to include an Ansul system, along with the necessary sinks. The property is presented as suitable for food and beverage service, with potential for a beer and wine license.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction WOOD
Total area 2,570 SF
Lot 0.2 ac (8,712 SF)
APN 53-05-32-416-006.000-005
UPID US31-1019134

Cap rate & NOI

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

Location

620 Kirkwood Ave Bloomington, IN 47404-5154
Bloomington metro Census 601 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2018
Price N/A
2014
Price N/A
2009
Price N/A

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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