Bloomington CVS
2015Year Built |
9,570 SFCommercial Space |
Located at 121 E. Kirkwood Avenue in Bloomington, Indiana, Bloomington CVS is a 9,570 SF retail pharmacy situated in the heart of the Courthouse Square Historic District, near Indiana University. The property occupies a former three-story bank building that was adapted to accommodate a modern, multilevel CVS Pharmacy while maintaining its prominent downtown presence.
Delivered in July 2015 and opened in August 2015, the property features retail and pharmacy operations across two floors, with additional basement storage and elevator access throughout the building. The redevelopment established a long-term, single-tenant retail location supported by strong pedestrian activity, a nearby university population, and a long-term, triple net lease.
KEY THEMES
- Adaptive reuse transformed a former downtown bank building into a modern, multilevel CVS Pharmacy serving Bloomington's urban core
- Prominent location within the Courthouse Square Historic District provides visibility and access to an established downtown commercial district
- Proximity to Indiana University supports consistent customer demand from students, faculty, residents, and downtown visitors
- Long-term single-tenant retail strategy combines an established national pharmacy operator with a triple-net lease structure
- Creative building configuration accommodates retail and pharmacy operations across multiple floors within an existing urban structure
RESULTS
- Delivered a 9,570 SF single-tenant CVS Pharmacy in July 2015, with retail operations beginning in August 2015
- Successfully adapted a former three-story bank building for modern pharmacy and general merchandise retail use
- Established a long-term, triple net lease with CVS, including five additional five-year renewal options
- Integrated first- and second-floor retail operations, basement storage, escalator access, and an elevator serving all three levels
- Positioned the property within Bloomington's historic downtown, near Indiana University's approximately 38,000-student campus
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