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Property profile & analytics

807 N College Ave Bloomington, IN 47404

  • Retail space
  • 4,292 SF
  • 0.17 lot acres
Value Estimation
Last Sale
Apr 08, 2025
$369,000
Location Intelligence
Property ID
US31-1143752
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,321
$87,800
$304,400
$392,200
-
$87,800
$304,400
$392,200
More about this property
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