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    OFF-MARKET
    Warehouses

    648 Madison St, Bloomington, IN 47404-4095

    7,008 SF 0.43 ac lot Built 1916
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US31-0268068
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group STORAGE YARD, OPEN STORAGE
    Year built 1916
    Construction TYPE NOT SPECIFIED
    Total area 7,008 SF
    Lot 0.43 ac (18,731 SF)
    APN 53-05-33-200-012.007-005
    UPID US31-0268068
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kiln Collective LLC · 3 yrs held
    Kiln Collective LLC
    since 2022
    2 recorded transactions
    2023
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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