1815 Walnut StBloomington, IN 47401

Property Details for 1815 Walnut St

Year built

1984

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

3,480 SF

Property type

Office properties

APN

53-08-09-200-006.000-009

APU

530809200006000009

Description

This exceptional single-tenant office building, located at 1815 S Walnut St, Bloomington, IN 47401, presents a unique investment opportunity. Built in 1995, the property boasts a substantial 3,480 square feet of traditional office space, ideal for a variety of businesses. The building sits on a generous 16,379 square foot lot, providing ample space and potential for future expansion or outdoor amenities. The property's traditional office layout offers a classic and functional workspace, perfect for companies seeking a well-established and comfortable environment. Its location in Bloomington, Indiana, provides easy access to local amenities, transportation routes, and a thriving business community. The single-tenant occupancy simplifies management and provides a stable income stream. This property is an excellent choice for owner-occupiers or investors seeking a strong, established asset in a desirable location. The building's age suggests potential for future upgrades and renovations to further enhance its value and appeal. The property's size and layout offer flexibility for various business needs, making it a versatile and attractive option in the Bloomington commercial real estate market. Detailed property information and specifications are available upon request. This is a prime opportunity to acquire a well-situated and functional office building in a growing Indiana city.

• CAP approach

  CAP return

  Valuation

  6%

  $429,274

  6.5%

  $396,253

  7%

  $367,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,558

  Geo Method

  $299,558

• Alternative Use

  Use

  Valuation

  Residential

  $491,353

  Hospitality

  $450,077

  Educational

  $374,459

  Medical

  $387,337

  Retail

  $582,492

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1471

Longitude

-86.5323

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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