317-726-7305
2500-2650 E 3rd St, Bloomington, IN for Sale
Retail - FOR SALE
1/8
null | Request Cap Rate

2500-2650 E 3rd St
Bloomington, IN 47401
Downtown Bloomington IN


HIGHLIGHTS

  • 100% Leased, including several National Retailers
  • Strong Assortment of Tenants
  • Stable income stream with long-term leases; longest tenant in center for 26 years

OVERVIEW

Offers Due July 31st! Value-Add Community Center in vibrant, Big 10 college town, 100% leased! Eastland Plaza, a well-established and stabilized community shopping center serving Bloomington, Indiana, home of Indiana University, a four-year university with 48,500 students. Eastland Plaza consists of a 115,068 square foot community shopping center and two out lots with a total project size of 124,953 square feet. All three parcels are being sold together. The property is 100% leased with average rents approximately 28.6% below market and a 4.0 year WALT. Eastland Plaza is strategically located in the heart of Bloomington’s College Mall submarket, directly adjacent to the campus of Indiana University, abundant student housing developments and densely developed single-family neighborhoods. The submarket is anchored by the College Mall, a ± 359,330 square foot, two-anchor Class B mall owned by Simon Property Group. Anchors Target and Dick’s now bookend an open-air component with Fresh Thyme and Ulta developed in 2018.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastland Plaza - Offers Due July 31, 2024

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

1200

LAND DETAILS

CROSS STREETS

S. Woodcrest Dr. & 3rd. St.

LAND ACRES

11.65 AC

LAND SF

507,474 SF

ZONING

-

APN/PARCEL ID

53-08-03-101-004.000-009

ASK ABOUT THIS PROPERTY

Rebecca WellsCushman & WakefieldMore Info
317-726-7305

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Rebecca WellsCushman & WakefieldMore Info
317-726-7305

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