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300-314 W 1st St
Bloomington, IN 47403
Downtown Office/Redevelopment Lots · Office Property For Sale
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.
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
Property Type
Office
Property Subtype
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
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $250,800 | |
| Land Assessment | $114,400 | Total Assessment | $365,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$114,400
Improvements Assessment
$250,800
Total Assessment
$365,200
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