822 1St StBloomington, IN 47403

Property Details for 822 1St St

Year built

1976

Construction

WOOD

Lot size

1.08 AC

Property size (Sq ft)

10,440 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

53-08-05-100-142.000-009

APU

530805100142000009

Description

This exceptional two-story, Class B office building, totaling 10,440 square feet, presents a unique opportunity in the desirable medical district. Located at 822 W. 1st St., and conveniently situated near W. 1st St., this property boasts eight individual suites, perfect for a variety of medical or professional practices. Currently, 5,200 square feet of space is available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,200 square feet. Each suite offers approximately 1,000-1,300 square feet and includes desirable features such as a waiting/reception area, a naturally lit conference room, a private office with its own restroom, a kitchenette, multiple offices or exam rooms, ample storage, and a public restroom. The building is handicap accessible and provides convenient parking for tenants and clients. The property sits on a one-acre lot (APN: 53-08-05-100-142.000-009) and includes 50 parking spaces. Built in 1976, the building is zoned for medical use. Monthly rent ranges from $1,200 to $1,400, plus utilities and a $275 NNN fee. This is an excellent opportunity to establish or expand your practice in a thriving medical environment. Don't miss this chance to secure your ideal office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,821

  6.5%

  $1,188,758

  7%

  $1,103,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $898,675

  Geo Method

  $898,675

• Alternative Use

  Use

  Valuation

  Residential

  $1,474,060

  Hospitality

  $1,350,231

  Educational

  $1,123,376

  Medical

  $1,162,011

  Retail

  $1,747,475

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1597

Longitude

-86.543

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].