648 Madison St, Bloomington, IN 47404-4095
This exceptional 1,358 sq. ft. creative office loft at 648 N Madison St, Bloomington, IN, is part of a larger 42,418 sq. ft. building renovated in 2024. The space features a private bath, ADA-compliant access, and a dedicated private parking lot, supplemented by ample street parking. An open-concept design includes a versatile mezzanine with a customizable wall or railing, offering flexible workspace options. Enjoy a shared outdoor patio perfect for breaks or informal meetings. The building is a single, two-story structure with no elevators. This property is zoned MD-ST under the Showers Technology Downtown Character Overlay in Monroe County, making it ideal for technology or business professionals. Nearby amenities include the Mill coworking space, offering additional office space and conference rooms. The building offers multiple tenancies, and this specific unit is available for lease. The property is located in the heart of Bloomington's vibrant downtown area, offering easy access to local businesses and amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.