For Sale
$1,050,000

3101 Canterbury CtBloomington, IN 47404

High-yield retail property, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 9,960 square foot retail building situated on a 0.97-acre lot in Bloomington, Indiana. The property, built in 1977 and extensively renovated in 2017, boasts a 100% occupancy rate with a single tenant under a modified net lease with a remaining term of one year, expiring November 30, 2025. The lease commenced November 30, 2017, and includes lease options. The property features 25 parking spaces and is zoned GB. The asking price is $1,050,000, representing a compelling price per square foot of $105.42 and a 7.95% cap rate. This Class B, single-story building serves as a convenience store and daycare/nursery. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an attractive investment for owner-users seeking a stable, high-yield return. The property's APN is 53-05-20-300-039.002-004. This is a for-sale-by-owner opportunity.

Highlights

  • 9,960 SF retail building on a 0.97-acre lot in Bloomington, IN.
  • Built in 1977, extensively renovated in 2017.
  • 100% occupied by a single tenant under a modified net lease expiring 11/30/2025 (lease options available).
  • 25 parking spaces, GB zoning.
  • Asking price: $1,050,000 ($105.42/SF, 7.95% cap rate).

Property Details for 3101 Canterbury Ct

Property type
Day care centers & nurseries, Retail properties
Square Feet
9,960 SF
Class
B
Year Built/Renovated
1977/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
42,253 SF
Units
1

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.1964523
Longitude
-86.5564394
3101 Canterbury Ct, Bloomington, Indiana

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3101 Canterbury Ct
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