807 N College Ave, Bloomington, IN 47404
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.
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.