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110 S Washington St 5,494 SF 53% Leased Retail Building Bloomington, IN 47408 $900,000 ($163.82/SF)
INVESTMENT HIGHLIGHTS
- Rare Downtown Retail Building
- Value Add Opportunity with Vertical Development
- Value Add Opportunity with Underutilized Basement
- Currently Leased and Income Producing Through February 2028
EXECUTIVE SUMMARY
Rare downtown retail building for sale on Washington Street just off Kirkwood located between IU Sample Gates and the Downtown Bloomington Square. Adjacent to public parking lot and currently leased to Lotus Garden restaurant through February 2028 for $4305/month. Most of the basement is unoccupied and could be used by single occupier or additional tenant. Potential for vertical development (apartments above current building). Zoned MD-CS (Mixed- Use Downtown - Courthouse Square.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,494 SF
Building Class
B
Year Built
1985
Price
$900,000
Price Per SF
$163.82
Percent Leased
53%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
MD-SC - Mixed-Use Downtown - Courthouse Square
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 53-05-33-310-011.000-005 | Improvements Assessment | $440,700 |
| Land Assessment | $145,200 | Total Assessment | $585,900 |
PROPERTY TAXES
Parcel Number
53-05-33-310-011.000-005
Land Assessment
$145,200
Improvements Assessment
$440,700
Total Assessment
$585,900
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110 S Washington St
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