For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $675,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Northwest Bloomington City
MLS Listing ID 202305462
Sold Date 10/17/23
Year Built 1920
Annual Tax Amount $2,732
Tax Year 2014
Lot Size 2,178 Sqft
Property Description
Four Blocks from Indiana University and one block from the new 7 story Hyatt Regency and the Convention Center. There is approx.2400 sq. ft. restaurant on the lower level of this building. Large kitchen, (25 ft. hood system and 8' x 9' cooler.) and dining room(seats 60?) with two restrooms. There is also an approx. 750 sq. ft. in the basement, very usable for storage. Downstairs restaurant pays their own gas and electric utility bills. Upstairs, there are Three (1) bedroom apartments that rent for total of $2280 Per month, through August of 2023 could be more. There are four separate electric meters for upstairs and the tenants pay their electric. Heating and cooling are electric. Water is included. Owner is holds a real estate license. There is also a remodeled office upstairs, with oak hardwood floors and a restored brick wall for rent, although it is currently being used as an AIRBNB. It brought in $1298 . for November 2022. The Restaurant pays $3177 per month plus gas & electric. They pay a small portion of the water bill. There are four separate electric meters for upstairs and the tenants pay the electric. Heating and cooling are electric. This is a 2 story building . The 2 story building to the West, recently added two more stories and that could be done here. Roof and gutters are of recent vintage.... new sewer line. THIS BUILDING IS IN VERY GOOD CONDITION. Agent is building owner & licensed real estate holder.
Location
State IN
County Monroe County
Area Monroe County
Direction LOCATED BETWEEN WALNUT ST. AND COLLEGE ON FOURTH ST.
Interior
Flooring Carpet, Concrete
Appliance Land
Exterior
Roof Type Shingle
Building
Story 2
New Construction No
Others
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
IDX information provided by the Indiana Regional MLS
Bought with Aaron, NMSP Stolberg • WS Property Group
GET MORE INFORMATION
Denise Jarboe
Broker Associate | License ID: RB20000819
Broker Associate License ID: RB20000819