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1235 West Gourley Pike
Bloomington, IN 47404
Asking Price
$1.08M
Asset Type
Retail
Class
Class B
What's Special
Mixed-Use Medium Scale near IU Stadium <p>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 co
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NOI
$80,000
Cap Rate
7.41%
DSCR
1.25
Tight
Cash-on-Cash
4.90%
Monthly Payment
$5,343.251
Annual Cash Flow
$15,880.991
