807 N College Ave Bloomington, IN 47404
- Retail space
- 4,292 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 807 N College Ave
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 4,292 SF
- Property type
- Retail space
- APN
- 53-05-33-204-045.000-005
- APU
- 530533204045000005
Description
This exceptional commercial property at 807 N College Avenue in Bloomington, Indiana, presents a unique investment opportunity. Boasting a prime location in the heart of downtown, this property offers unparalleled convenience and accessibility. The main level comprises 10 rooms and two restrooms, providing ample space for a variety of business uses. The lower level adds further versatility with 5 finished rooms and two unfinished rooms, totaling 1,100 square feet of unfinished storage space. This area presents significant potential for expansion or customized development to meet specific business needs. The property benefits from recent upgrades, including a new HVAC system and roof installed six years ago, a membrane roof replacement in 2018, and a water heater that is only two years old. Parking is a significant advantage, with a private lot offering 13 spaces – a rare commodity in downtown Bloomington. Its strategic location provides easy access to Indiana University, the bustling downtown core, and Bloomington's north side, making it an attractive proposition for businesses seeking high visibility and convenient access to a diverse customer base. The 0.17-acre lot ensures ample space for operations and potential future expansion. This property is ready for immediate occupancy and offers a compelling blend of functionality, location, and recent improvements.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $305,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $280,000
- Mixed-Use
- $320,000
- Hospitality
- $365,000
- Educational
- $310,000
- Residential Income
- $325,000
- Energy
- $355,000
- Income-Based Land
- $310,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5352
- Latitude
- 39.1744
- CBSA code
- 14020
- CBSA name
- BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA