Our featured property of the week is brought to you by Bill Holdeman of RE/MAX Realty Professionals.
The property for sale is a 4,287 sq.ft. retail/mixed-use building located in Bloomington, Indiana.
This unique downtown building is home to several apartments and a barber shop. The main living area has wonderful arched doorways. Hardwood flooring believed to be under all carpeted areas.
Kitchen was updated including cabinetry, side by side refrigerator, gas range, trash compactor and a hookup for washer and drye. Newer double pane insulated windows are on the main level and the upstairs apartment. There are 5 ceiling fans, a fireplace with insert and wonderful sunroom.
Upstairs apartment, accessed from rear of home, has living room with lots of windows for natural lighting, 2 bedrooms, a full bath and extra spacious kitchen and dining area. Street front apartment, next to current barber shop, has a living room, eat-in kitchen, bedroom and bath. There are 2 entrances, one from alley way the other from Walnut St.
Barber shop has large 13 X 23 street front room, a 10 X 14 room for supplies and a half bath. The four units have separate meters for electricity and gas. Water is on one meter only. Front of building has 5 parking spaces with another 4 at rear of building.
Currently the apartments are vacant and the Barber shop is month to month so the rents under the unit section are proposed. There is even room to add another efficiency apartment.
Also, the main home (unit 1) could be converted to a 3 bedroom via the sunroom. This is a great opportunity to get into the rental market or property could be demolished and new apartments built.
This property has a great location! From downtown, go North on Walnut and the property is located on West side of Street close to 12th Street.
Our featured property of the week is brought to you by Terry Coyne of Grubb & Ellis.
The property for sale is a beautifully renovated office/retail building located 2003 St. Clair Avenue in Cleveland, Ohio.
The 12,736 square foot building is located just off of the Cleveland Memorial State Highway and minutes from Burke Lakefront Airport.
The space has an open industrial type feel on the main floor with 3,000 square feet of warehouse/storage space in the lower level.
This state-of-the-art building is equipped with offices, conference room, lunch area, freight elevator, hard wood floors, new plumbing, electrical, and HVAC units. The property also comes with 36 free surface parking spaces adjacent to building.
RealUp provides a free search and post platform for all types of commercial real estate including multifamily, office, industrial, medical, entertainment, land and retail properties.
Retail properties as defined by About.com would include: "Single buildings used as stores for clothing, electronics and other consumer products, as well as malls, strip centers and the like. Valuations can be based on size and land value, retail sales per square foot or other investment return calculations."
RealUp actually launched its website this past May at the annual RECon Convention held sponsored by the International Council of Shopping Centers (ICSC). The retail market is one of the largest in the industry and this annual tradeshow is the largest gathering of retail real estate professionals in North America with approximately 50 percent of the retail real estate industry's shopping center leases being signed or conceived during RECon.
Since its May 2009 launch, RealUp continues to have a major presence in the retail industry. Brian Randy Funk, President of RealUp has been an associate ICSC member for almost a full year. Over 38% of our RealUp user base is also members of ICSC and 70% of our members work with retail properties. RealUp has also been featured in the Retail Traffic "Traffic Court" blog as well as Shopping Centers Today Magazine.
As you can imagine, shopping-centers make up a large portion of the retail market and like many, has been on a downward trend given the state of the economy. On the bright side, shopping-center sales grew by 0.6% in September while total retail sales fell 1.5%, according to the U.S. Department of Commerce. Although growth is still negative sales having increased for two consecutive months—on a month-over-month basis—and continue to show improvement on a year-over-year basis.
Interesting facts:
The first shopping mall was the Country Club Plaza, founded by the J.C. Nichols Company and opened near Kansas City, Mo., in 1922.
The first enclosed mall called Southdale opened in Edina, Minnesota (near Minneapolis) in 1956.
The largest shopping center in the United States based on gross leasable area is the King of Prussia Mall in Pennsylvania.
You can find more facts and news on the retail market by visiting the National Retail Federation website.
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Our featured property of the week is brought to you by Bill Holdeman of RE/MAX Realty Professionals. 
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Our featured property of the week is brought to you by Steve Stephens of Stephens Commercial Real Estate. 
Our featured property of the week is brought to you by Terry Coyne of Grubb & Ellis. 
RealUp provides a free search and post platform for all types of commercial real estate including multifamily, office, industrial, medical, entertainment, land and retail properties. 
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