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Listed by Jim Stafford • Stafford Real Estate • Cell: 812-325-4453
$875,000
Est. payment /mo
0.72 Acres Lot
Active
5340 & 5350 S Old State Road 37 Bloomington, IN 47401
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Southeast Monroe County
MLS Listing ID 202623980
Abv Grd Liv Area 3,930
Year Built 1997
Annual Tax Amount $4,319
Tax Year 2026
Lot Size 0.720 Acres
Property Sub-Type Mixed Use
Property Description
Two-parcel commercial investment opportunity on Bloomington's south side with high visibility along S. Old State Road 37, just south of Kroger South and Wendy's. Property includes two leased buildings with a shared asphalt parking lot. 5340 S. Old State Road 37, built in 1997, features four 900 SF office suites, each with a half bath, and 5350 S. Old State Road 37, built in 1956, features a 4,320 SF retail building with partial basement and two half baths. Current uses include tattoo studio, real estate office, appraisal office, massage/wellness suite, and a retail liquidation/resale business. All 5 spaces are currently occupied, owner-provided rent roll shows current monthly rent of $5,433.50 and annual rent of $65,202. Commercial tenants pay utilities, taxes and snow removal; landlord pays building insurance, grass cutting, and building repairs. Two parcels to be sold together. Lease terms, deposits, expenses, and rent details to be verified by buyer during due diligence. "No For Sale Sign"
Location
State IN
County Monroe County
Area Monroe County
Direction Take Walnut Street South, past Kroger South, on right before the stop light at South Old State Road 37 & Fairfax Rd, across the street from the Marathon Gas Station. \"No For Sale Sign\"
Interior
Flooring Laminate, Vinyl Tile
Appliance Building
Laundry , 25
Exterior
Roof Type Metal,Other
Total Parking Spaces 25
Building
Story 1
New Construction No
Others
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IDX information provided by the Indiana Regional MLS
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