515 Woodscrest DrBloomington, IN 47401

Property Details for 515 Woodscrest Dr

Year built

1979

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

2,900 SF

Property type

Office properties

APN

53-08-03-100-055.002-009

APU

530803100055002009

Description

This exceptional Class A medical/traditional office building presents a rare opportunity. Located in a prime East Side location, this two-story, 9,054 square foot building offers multiple suites for lease. Currently, two suites are available, ranging from 610 to 1,480 square feet. One 1,480 square foot suite boasts a desirable layout including a waiting/reception area, three private offices, an open office area, and ample storage. Natural light floods all offices. Restrooms are conveniently located in a common area. The building itself was constructed in 1980 and sits on a 0.12-acre lot. The building is zoned MM and features a total of three suites across its two stories. While elevators are not present, the available 1,480 square foot suite is located on the second floor and accessible via stairs. Lease terms are base rent plus utilities, excluding water and sewer. This property is ideal for a variety of medical or traditional office uses, offering a blend of functionality and prime location. The building's excellent condition and desirable features make it a highly sought-after space. Inquire today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $357,728

  6.5%

  $330,211

  7%

  $306,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,632

  Geo Method

  $249,632

• Alternative Use

  Use

  Valuation

  Residential

  $409,461

  Hospitality

  $375,064

  Educational

  $312,049

  Medical

  $322,781

  Retail

  $485,410

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1615

Longitude

-86.5016

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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