205 College AveBloomington, IN 47404

Property Details for 205 College Ave

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.27 AC

Property size (Sq ft)

51,306 SF

Property type

Office properties

Property subtype

Other office properties

APN

53-05-33-310-236.000-005

APU

530533310236000005

Description

Graham Plaza, located at 205 N College Ave in Bloomington, Indiana, presents a unique opportunity for businesses seeking prime downtown office space. This eight-story building, totaling 2,917 square feet, boasts a rich history, having been renovated in 1979 and listed on the National Register of Historic Places. The property offers a variety of suite sizes, with a minimum divisible space of 442 square feet and a maximum contiguous space of 548 square feet. Currently, 990 square feet are vacant and available for lease. The building features two elevators for convenient access to all floors. Its central location in Monroe County, within the vibrant downtown Bloomington area, provides excellent visibility and accessibility. The building's traditional office layout is complemented by executive office options, making it suitable for a range of businesses. The property is classified as both retail and office space, offering versatile options for tenants. This is an exceptional opportunity to establish a presence in a historically significant and highly desirable location. The building's convenient location and flexible space options make it an ideal choice for businesses seeking a prominent address in the heart of Bloomington. Multiple tenancy is available.

• CAP approach

  CAP return

  Valuation

  6%

  $6,328,828

  6.5%

  $5,841,995

  7%

  $5,424,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,416,420

  Geo Method

  $4,416,420

• Alternative Use

  Use

  Valuation

  Residential

  $7,244,074

  Hospitality

  $6,635,533

  Educational

  $5,520,686

  Medical

  $5,710,550

  Retail

  $8,587,733

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1678

Longitude

-86.5352

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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