120 7Th StBloomington, IN 47404

Property Details for 120 7Th St

Year built

1924

Construction

STEEL FRAME

Lot size

0.40 AC

Property size (Sq ft)

39,056 SF

Property type

Office properties

APN

53-05-33-310-352.000-005

APU

530533310352000005

Description

One City Centre, located at 120 W 7th St in Bloomington, Indiana, 47404, offers exceptional office space in a beautifully renovated historic building. Originally constructed in 1925 and extensively renovated in 1990, this four-story building boasts 5,073 square feet of total space. The property features a striking four-story atrium lobby with glass balconies, a significant upgrade from its original design as a windowless Masonic Temple. Currently, there are 3,624 square feet of vacant space available, divisible into units ranging from a minimum of 499 square feet to a maximum contiguous space of 1,095 square feet. Seven spaces are currently available for lease. The building includes elevators for convenient access to all floors. Its prime location within the Bloomington Courthouse Square Historic District offers unparalleled convenience, situated adjacent to the Justice Center and within easy walking distance of numerous downtown restaurants, shops, and other businesses. This property presents a unique opportunity to establish a presence in a vibrant and historic downtown setting. The building's blend of historical charm and modern amenities makes it an ideal location for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,817,735

  6.5%

  $4,447,140

  7%

  $4,129,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,361,940

  Geo Method

  $3,361,940

• Alternative Use

  Use

  Valuation

  Residential

  $5,514,454

  Hospitality

  $5,051,210

  Educational

  $4,202,547

  Medical

  $4,347,080

  Retail

  $6,537,296

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1689

Longitude

-86.5345

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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