822 1st St, Bloomington, IN 47403-2384
This exceptional two-story, Class B office building, totaling 10,440 square feet, presents a unique opportunity in the desirable medical district. Located at 822 W. 1st St., and conveniently situated near W. 1st St., this property boasts eight individual suites, perfect for a variety of medical or professional practices. Currently, 5,200 square feet of space is available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,200 square feet. Each suite offers approximately 1,000-1,300 square feet and includes desirable features such as a waiting/reception area, a naturally lit conference room, a private office with its own restroom, a kitchenette, multiple offices or exam rooms, ample storage, and a public restroom. The building is handicap accessible and provides convenient parking for tenants and clients. The property sits on a one-acre lot (APN: 53-08-05-100-142.000-009) and includes 50 parking spaces. Built in 1976, the building is zoned for medical use. Monthly rent ranges from $1,200 to $1,400, plus utilities and a $275 NNN fee. This is an excellent opportunity to establish or expand your practice in a thriving medical environment. Don't miss this chance to secure your ideal office space.
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
No recorded transactions found for this property.
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.