1235 W Gourley Pike - Industrial FOR SALE


Bloomington, IN 47404
$1,080,000 USD
812-650-3600
1235 W Gourley Pike, Bloomington, IN for Sale
$1,080,000 USD
Industrial - FOR SALE
1/22
null | Request Cap Rate

1235 W Gourley Pike
Bloomington, IN 47404


HIGHLIGHTS

  • Visible from SR 45/46 Bypass
  • Zoned Mixed-Use Medium Scale, allowing for a wide variety of uses, including residential
  • Newconstruction offering a value-add opportunity for additional residential units

OVERVIEW

Mixed use new construction near IU Stadium; new building has 5,470 SF (see attached floorplans) and original home that needs renovation has 1260 SF. Property is visible from SR 45/46 Bypass. Zoned Mixed-Use Medium Scale, allowing for a wide variety of uses, including the possibility of adding additional residential units. Ideal for a contractor or small business seeking a live/work setup, or the option to lease the residential space for additional income. See attached document for seller's concepts for the property. Building currently has two Solar Edge panels and systems installed, at a cost of $70,000. These systems should provide all needed electricity to new building at no cost (Duke Energy grid connection fee is applicable but is often covered by excess generation). The building is wired for an Electric car charger and heavy equipment such as car lift/truck lift. On/off ramps for I-69 interstate nearby.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Medium Scale near IU Stadium

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34

LAND SF

58,370

ZONING

MM

APN/PARCEL ID

53-05-29-301-001.000-005

ASK ABOUT THIS PROPERTY

James RegesterRealty ProfessionalsMore Info
812-650-3600

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James RegesterRealty ProfessionalsMore Info
812-650-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.