Property profile

700 S College Ave Bloomington, IN 47403

FOR SALE
Medical Office Space
Property ID
US31-0965979
15,716 SF 0.81 ac lot Built 1994
Entity Owned Free & Clear
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Property summary

AI-generated overview

This meticulously maintained, two-story medical office building, located at 700 S College Ave in Bloomington, Indiana, 47403, offers 13,097 square feet of space. Originally constructed in 1994, the Class B building features a single structure with two stories and ample parking (54 spaces) accessible via College Ave and Dodds St. The property sits on 1.17 acres of land and is zoned MD-DG (Mixed Use Downtown Gateway), allowing for a variety of business uses. Currently configured as three separate units, up to 7,688 contiguous square feet are available on the first floor, with an additional 5,409 contiguous square feet available on the second floor, featuring a separate exterior entrance. The building is conveniently located near the Hopewell IU Hospital master plan redevelopment project and the B Line pedestrian trail, providing excellent visibility and accessibility. The property boasts two points of ingress and egress, ensuring easy access for employees and clients. While elevators are not present, the building's design facilitates convenient access to both floors. This presents a unique opportunity for medical practices or businesses seeking a well-maintained, strategically located office space in Bloomington's vibrant downtown area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction WOOD
Total area 15,716 SF
Lot 0.81 ac (35,284 SF)
APN 53-08-04-200-187.000-009
UPID US31-0965979

Cap rate & NOI

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

Location

700 S College Ave Bloomington, IN 47403
Bloomington metro Census 301 BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

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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