109 W 4th St, Bloomington, IN 47404

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.