Price Reduction
3802 E 3rd Street Bloomington, IN
$ 2,298,000
Property Attributes
  • MLS#202100096
  • TypeCommercial
  • CountyMONROE
  • CityBloomington
  • AreaPerry
  • NeighborhoodSoutheast Monroe County
  • Zip47401
  • StyleOffice
  • Year Built1996
  • Taxes$ 28703
  • Price$ 2,298,000
  • Bedrooms0
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage10508
  • Lot Size0.97 Acres
Listing Provided Courtesy Of:
Amy Powell with Revestco LLC
Data Source:
Indiana Regional MLS (IRMLS) - 202 - IN
Property Description

Spacious office building located on the ever – growing east side of Bloomington Indiana. High traffic area, on the main east - west thoroughfare. 2.1 miles, a 6 minute drive, to the new Indiana university regional academic hospital. This collaborative project between IU Health in Indiana University is expected to open in 2021. Bloomington's east side is home to a number of medical practices, a large Number of both owner occupied and rental residences, and a diverse cross section of businesses. BUILDING FEATURES 70 parking spaces, fully ADA compliant including elevator, 80 office spaces, nice reception area, full kitchen, and large conference room. Building only, business is not for sale. Age: North half of building was built in 1996 and South half completed in 2001. Great investment with a 7% Cap Rate! Road frontage on two streets, offering an opportunity for signage on each. An entrance is situated on both the north/south, and east/west street. The building is located at a signaled intersection, further enhancing visibility.

Price History
1/2/2021 Listed $2,499,000
4/13/2021 1% - $2,498,000
5/10/2021 5% - $2,398,000
10/13/2021 5% - $2,298,000

General Features

# of Buildings 1
Age 25
Agent First Name Amy
Agent Last Name Powell
Bathrooms 6
Ceiling Height Interior upper flrs=9/10, Bsmt 9'3
Cooling Central Air
Flooring Carpet, Ceramic Tile
Heating Gas, Forced Air
Inside City Limits Yes
Legal Description 015-13545-05 BAKER II LOTS 8A & 8B
Listing Area Monroe County
New Construction No
Parking Lot
Parking Yes
Present Use Investment Property
Roof Metal
Sewer Public
Special Features Three Phase, Handicap Access, Passenger Elevator, Basement, Office Space, Reception Area, Ventilating/Exhaust Fans
Status Active
Status Active
Stories 3
Subdivision Southeast Monroe County
Tax Year 2018
Type Office
Virtual Tour
Year Built 1996

Interior Features

Basement Y/n Yes
Basement/Foundation Full Basement
Burglar Alarm Y/n Yes
Fire Protection City
Interior Height Three levels total height = 34'8
Smoke/fire Alarm Y/n Yes
Walls Drywall
Water Heater Y/n Yes

Exterior Features

Approx. Lot Size Acres 0.97
Construction Type 1 stick built
Driveway Asphalt
Exterior Stone
Lot Dimensions 224.54 x 200.00 x 224.54 x 200.00
Lot Size Area 42253
Number of Parking Spaces 70
Parking Type parking lot
Road Access City
Security Light Y/n Yes
Sprinkler System Y/n Yes
Water Softener Y/n No
Waterfront Y/N No


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on October 16, 2021 2:16 AM UTC

Property vs Commercial Average in 47401

AVG $910K
AVG $10,739
AVG 30
Year Built
AVG 1985
AVG 60
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover