5233 Old State Road 37Bloomington, IN 47401

Property Details for 5233 Old State Road 37

Year built

1985

Construction

WOOD

Lot size

4.81 AC

Property size (Sq ft)

1,800 SF

Property type

Office properties

APN

53-08-21-300-031.000-008

APU

530821300031000008

Description

This exceptional 1-story, 1,800 square foot building, constructed in 1996, offers a flexible workspace solution in Bloomington, Indiana. Currently, 2,887 square feet are available for lease, divisible to a minimum of 130 square feet. The property features a traditional office layout adaptable to flex or warehouse needs, making it ideal for a variety of businesses. The high 8-foot ceilings provide ample space, and the building boasts ample parking. Located at 5233 S Old State Rd 37, Bloomington, IN 47401, this property is zoned for light industrial use (IL) and is part of the Bloomington submarket within the Indianapolis cluster. The building consists of three total suites, offering potential for expansion or multi-tenant occupancy. The property's convenient location and versatile design make it an attractive option for companies seeking a functional and efficient workspace. Additional storage space is available on-site. The gross rent structure simplifies expense management. This is a single-building property with a total of 1,800 square feet, offering a maximum contiguous space of 2,887 square feet. The APN is 014-24400-00.

• CAP approach

  CAP return

  Valuation

  6%

  $222,038

  6.5%

  $204,958

  7%

  $190,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $154,944

  Geo Method

  $154,944

• Alternative Use

  Use

  Valuation

  Residential

  $254,148

  Hospitality

  $232,798

  Educational

  $193,686

  Medical

  $200,347

  Retail

  $301,289

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1088

Longitude

-86.5291

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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