For Sale
$4,299,000

700 College AveBloomington, IN 47403

15,700 SF Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional redevelopment opportunity in Bloomington, Indiana! This 15,700 square foot, fully occupied Class B medical office building presents a prime investment at $4,299,000 ($273.82/SF). Situated on a 1.12-acre lot zoned for Mixed-Use Downtown, the property offers significant potential for new construction. Its strategic location along the College/Walnut corridor, within a redevelopment study area, is highly advantageous. The property enjoys proximity to key amenities, including the 76-acre Hopewell Master Development (less than half a mile), the Monroe Convention Center (less than one mile), and Indiana University's campus (one mile). Adding to its appeal, it's adjacent to the B-Line Pedestrian Trail, enhancing accessibility. Built in 1994, this single-building, multi-tenant property offers a compelling blend of existing income and future development possibilities in a vibrant college town setting. This is a rare chance to acquire a high-traffic, well-located asset with substantial upside potential. The property's existing medical office use is 100% occupied.

Highlights

  • 15,700 SF Class B medical office building, fully occupied, on a 1.12-acre lot.
  • $4,299,000 purchase price ($273.82/SF).
  • Mixed-use downtown zoning.
  • Located on the College/Walnut corridor within a redevelopment study area.
  • Proximity to Hopewell Master Development, Monroe Convention Center, and Indiana University.
  • Adjacent to the B-Line Pedestrian Trail.

Property Details for 700 College Ave

Property type
Office properties, Medical offices
Square Feet
15,700 SF
Class
B
Year Built
1994
Buildings
1
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.1578533
Longitude
-86.5356347
700 College Ave, Bloomington, Indiana

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700 College Ave
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