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Downtown Office/Redevelopment Lots 300-314 W 1st St

6,120 SF Office Building Bloomington, IN 47403 $1,725,000 ($282/SF)

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Executive Summary

Downtown office building in excellent condition available for sale. This property features +/- 6,120 SF and a private parking lot with 25 spaces. The current building, is ideal for an owner/occupied space, has potential to be divided into multiple tenants or residents, and has many updates. Appealing to the eye, the building has several conference rooms, private offices, and space for a large cubicle area or cooperative work space. This site, which includes 3 parcels, is an ideal redevelopment opportunity adjacent to the B-Line trail and the Hopewell Development site. The central location provides for easy access to downtown Bloomington and all its local amenities. *New Zoning allows for 33 additional permitted uses.

300-314 W 1st Street (new) (4)

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

Deferred Maintenance

Property Type

Office

Property Subtype

Office/Residential

Building Size

6,120 SF

Building Class

Year Built

1977

Price

$1,725,000

Price Per SF

$282

Tenancy

Single

Building Height

2 Stories

Typical Floor Size

3,060 SF

Building FAR

0.25

Lot Size

0.57 AC

Zoning

MM - Mixed-Use Medium Scale

Parking

25 Spaces (4.08 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Controlled Access

Security System
Kitchen

Central Heating
Natural Light

Open-Plan
Air Conditioning

Space Availability

1st Floor
6,120 SF
Office
Full Build-Out
90 Days

Property Highlights: Size: Approximately 6,120 square feet of versatile office space Features: Several conference rooms, private offices, and a large open area perfect for cubicle setups Parking: A private parking lot with 25 dedicated spaces for employees and clients Location: Conveniently situated near the B-Line Trail, offering accessibility and a vibrant atmosphere Lease Details: Rate: $14.50 per SF Terms: Triple Net Lease (NNN) This property combines functionality with an unbeatable location, providing the perfect environment for productivity and growth. Don't miss out on this rare opportunity to establish your business in downtown Bloomington! Contact us today for a tour or more information.

Space	Size	Space Use	Condition	Available
1st Floor	6,120 SF	Office	Full Build-Out	90 Days

Size

6,120 SF

Space Use

Office

Condition

Full Build-Out

Available

90 Days

PROPERTY TAXES

Parcel Numbers	Multiple 53-08-05-100-109.000-009 53-08-05-100-172.000-009 53-08-04-200-225.000-009	Improvements Assessment	$248,100
Land Assessment	$258,200	Total Assessment	$506,300