1025 Acuff RdBloomington, IN 47404

  • Office properties
  • 52,756 SF
For Lease

Property Details for 1025 Acuff Rd

Year built
1995
Construction
TYPE NOT SPECIFIED
Lot size
5.00 AC
Property size (Sq ft)
52,756 SF
Property type
Office properties
Property subtype
Other office properties
APN
53-05-20-202-001.000-005
APU
530520202001000005

Description

This exceptional 52,234 square foot office building, situated on 5.8 acres in Monroe County, presents a unique opportunity. Built in 1995, the property boasts a highly desirable location with excellent visibility from Interstate I-69, offering convenient access and strong brand recognition. Currently available as a single-tenant occupancy, the building is also suitable for multiple tenants, with a minimum leaseable space of approximately 13,000 square feet per floor. The property features a comprehensive array of amenities, including 234 parking spaces, a modern elevator, and a fully functional generator ensuring 100% building power. Interior highlights include open areas, private offices, a commercial kitchen, and numerous meeting rooms, all exceptionally maintained. Security is enhanced by an access control system. Employees can enjoy an outdoor break area. The asking price is $5,950,000, translating to $114 per square foot. This presents an ideal opportunity for a corporate headquarters or a multi-tenant office complex seeking a prestigious and functional space in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,507,692
    6.5%
    $6,007,100
    7%
    $5,578,022
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,541,236
    Geo Method
    $4,541,236
  • Alternative Use

    Use
    Valuation
    Residential
    $7,448,804
    Hospitality
    $6,823,065
    Educational
    $5,676,710
    Medical
    $5,871,940
    Retail
    $8,830,438
1025 Acuff Rd, Bloomington, Indiana

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.2076
Longitude
-86.5508
CBSA code
14020
CBSA name
BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,370
$125,000
$4,623,500
$4,748,500
-
$125,000
$4,623,500
$4,748,500

FAQs

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