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1897 Smithville rd 20,928 SF Specialty Building Offered at $1,371,825 CAD at a 6.65% Cap Rate in Bloomington, IN 47401
Executive Summary
Turnkey investment opportunity featuring 38 fully leased storage units in south Bloomington, near Lake Monroe. The property includes 20 units measuring 30’ x 11’, 16 units measuring 35’ x 11’, and two large warehouse/flex units totaling approximately 3,000 SF each. This income-producing asset offers consistent occupancy with upside potential through expansion on excess land. Prime location benefits from proximity to growing residential areas and high-traffic recreational destinations, supporting long-term demand.
Property Facts
| Price | $1,371,825 CAD | Building Class | C |
| Price Per SF | $65.55 CAD | Lot Size | 3.99 AC |
| Sale Type | Investment | Building Size | 20,928 SF |
| Cap Rate | 6.65% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1999 |
| Property Subtype | Self-Storage | ||
| Zoning | Limited Business | ||
| Price | $1,371,825 CAD |
| Price Per SF | $65.55 CAD |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.99 AC |
| Building Size | 20,928 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Zoning | Limited Business |
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Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 53-11-03-100-040.000-006 | Improvements Assessment | $288,794 CAD |
| Land Assessment | $198,546 CAD | Total Assessment | $487,340 CAD |
Property Taxes
Parcel Number
53-11-03-100-040.000-006
Land Assessment
$198,546 CAD
Improvements Assessment
$288,794 CAD
Total Assessment
$487,340 CAD
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1897 Smithville rd
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