Bloomington, IN
Commercial Real Estate Market Trends & Data

Bloomington's Demographic Profile

Bloomington has 32,716 households and a median income of $38,094, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 78,220
# Households 32,716
Median age 28
Median household income $38,094
Avg household size 2.0
Renter-occupied housing units 22,391
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Bloomington, IN

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Bloomington $150 26,801 SF 9.00%
Mitchell $96 78,361 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Bloomington $258 66,514 SF
Gosport $71 6,000 SF
Martinsville $167 8,247 SF
Bedford $383 6,025 SF
Trafalgar $165 9,100 SF

Commercial Properties For Sale in Bloomington

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

414 S Walnut St

Bloomington, IN 47401

  • 3,000 SF Retail Building
  • $995,000
For Sale

1409 W Kirkwood Ave

Bloomington, IN 47404

  • 4,760 SF Retail Building
  • $485,000
For Sale

229 Acres South of Bloomington, IN

Bloomington, IN 47401

  • 229.33 AC Lot
  • 1 Commercial Lot
  • $3,495,000
For Sale

1016 W Country Club Dr

Bloomington, IN 47403

  • 4,750 SF Multifamily
  • $550,000
For Sale

Stapleton Townhomes

Bloomington, IN 47404

  • 32,000 SF Multifamily
  • 6.75% Cap Rate
  • $4,250,000
For Sale

Affordable / Mixed-Income Multifamily site

Bloomington, IN 47403

  • 0.68 AC Lot
  • 1 Commercial Lot
  • $155,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Bloomington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Bloomington $161 37,251 SF
Ellettsville $167 9,000 SF
Gosport $71 6,000 SF
Nashville $105 3,348 SF
Spencer $112 5,799 SF

Multifamily Properties For Sale in Bloomington

For Sale

Smith House

Bloomington, IN 47408

  • 21,836 SF Multifamily
  • $4,250,000

Regional Demographic Comparison

This comparison places Bloomington alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Bloomington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Bloomington 78,220 32,716 28 $38,094 2 22,391 -1%
Ellettsville 7,916 3,213 39 $81,508 2 687 1%
Gosport 448 183 40 $52,838 2 69 -10%
Spencer 2,660 1,153 42 $42,865 2 403 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bloomington, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Bloomington

View All Commercial Real Estate For Sale in Bloomington
Is Bloomington a good market for a first-time commercial real estate investor?

Bloomington offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Bloomington?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bloomington. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Bloomington?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bloomington. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Bloomington compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bloomington. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Bloomington acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bloomington, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.