Listed by SVN Core 3, Core 3 Property Management
$495,000
1314-1316 E Empire Street
Details
APN 1434480031
Property Type Office
Sub Type Traditional Office, Office/Tech
Units 4
NOI $9,865
Year Built 1980
Stories 2
Acreage 1.120
Zoning COMMR
Office
Marketing description
The 4-unit building, located at 1316 E. Empire, is available for sale. Located in a central location along one of the busiest thoroughfares in Bloomington, the building offers a new owner the opportunity to take on a unique building with multiple tenants. Suite A was renovated within the last few years and is currently leased out to a beauty salon. The upstairs suite houses the city's only escape room, featuring a variety of rooms for the whole family, and Suite C is currently leased out to a dance studio who has occupied the suite for close to eight years. The property does have one 2,100 SF vacancy and could be perfect for another retail or office user, or even an owner occupier. The property's lot does extend beyond the building and includes two rows of parking on the lower level.
Listing Contacts
Listed by SVN Core 3, Core 3 Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,865.00
$822.08/mo
Valuation Metrics
0
DSCR
1.99%
Cap Rate
1.99%
ROI
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