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336 South Walnut Street
Bloomington, IN 47401
Asking Price
$995K
Cap Rate
12.56%
Asset Type
Executive Office Office
Class
Class B
What's Special
100% Leased; Building and Business for Sale <p>Don't miss this opportunity to purchase this music lesson business + building located in downtown Bloomington, Indiana right next to the new $70 million convention center expansion on 3rd and Walnut. The building totals 3200 sqft, with profitable music lesson business grossing over $300,000 annually. </p><p></p><p>9 Lesson rooms built out, plus one workshop for guitar repair, retail front space = 600 sqft, 700 sqft music performance black box (for performances, band rehearsals and performance
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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395
