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Executive Summary

This ±6,120 square foot, two-story property spans three parcels totaling approximately 0.57 acres and presents a versatile opportunity for either office use or future redevelopment. Ideally located adjacent to the B-Line Trail and the transformative Hopewell Development, the site offers convenient access to downtown Bloomington, public transit, and an emerging hub of mixed-use growth.
Recently rezoned to Mixed-Use Medium Scale (MM), the property now supports 33 additional permitted uses—unlocking significant flexibility for developers or owner-occupiers. The building is well-suited for office users looking for walkability, visibility, and proximity to Bloomington’s civic and commercial core. Estimated annual taxes are approximately $14,698.

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
C
Year Built
1977
Price
$1,575,000
Price Per SF
$257.35
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

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 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

1st Floor

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

1st Floor

Size 6,120 SF
Space Use Office
Condition Full Build-Out
Available 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.

Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 53-08-05-100-172.000-009
  • 53-08-04-200-225.000-009
Land Assessment
$114,400
Improvements Assessment
$250,800
Total Assessment
$365,200
  • Listing ID: 26137694

  • Date on Market: 7/11/2022

  • Last Updated:

  • Address: 300-314 W 1st St, Bloomington, IN 47403

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