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    Corner Reception Office Building Title is generated by Realmo AI

    1815 S Walnut Street, Bloomington, IN 47401

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    For Sale
    $550,000

    COMMERCIAL - Bloomington, IN

    Type:Office
    Property size:
    2,300 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $239/SF
    Added:
    Apr 28, 2026
    Days on Market:
    72
    Last Refresh:
    Jul 8 at 11:06 pm

    Property Features for 1815 S Walnut Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    53-08-09-200-006.000-009
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    015-24350-00 PT NW NW 9-8-1W .376A
    Tax Annual Amount
    13559

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Flooring type
    Mixed
    Roof type
    Shingle

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    Contact an agent
    Craig Dohman
    Craig Dohman

    Listing agent Craig Dohman License #RB17001882

    Listing office Dohman Team 3500 W Maple Grove Rd, Bloomington, IN

    Listing date Apr 28, 2026

    MLS# 202615368

    Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,300 sq ft office/retail building on a corner lot at a signalized intersection, about 1 mile south of downtown Bloomington
    • Interior layout includes front reception, 7 offices, and a conference room with 2 bathrooms and a kitchenette area
    • Central air cooling, shingle roof; year built 1995
    • 9 parking spots with handicap accessibility and a driveway that circles the building for deliveries or additional parking
    • Building is vacant and ready for immediate occupancy; available for sale or lease

    Overview

    This well-maintained office/retail building offers a front reception area, seven offices, and a conference room, along with two bathrooms and a kitchenette area. The building sits on a corner lot and is set up to support professional use with a straightforward interior layout that can accommodate teams, client meetings, and day-to-day administration.

    The property is located one mile south of downtown Bloomington at a signalized intersection, providing visibility from a main roadway. Parking is available on-site with 9 spaces, and the site includes a driveway that circles the building for convenient access. The building is handicap accessible and is vacant, allowing for immediate occupancy.

    For an owner-occupied business, the space is designed for an efficient mix of reception and private offices, with a dedicated conference room and restroom amenities. For investors or tenants seeking a move-in-ready option, the property’s current vacant condition supports a smooth transition, while the parking and circulation layout can help support client and delivery access.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $46.1k $20.04
    − Vacancy −$2.0k −$0.88
    EGI $44.1k $19.16
    − OpEx −$13.2k −$5.75
    NOI $30.8k $13.41
    2,300 SF · lease $20.04/SF/yr · vacancy 4.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $440.6K
    $385.6K – $514.1K (±1% cap)
    NOI $30,845 @ 7.0% cap · market cap 5.61%
    Second Best
    Office B
    $352.8K
    $308.7K – $411.7K (±1% cap)
    NOI $24,699 @ 7.0% cap · market cap 4.49%
    Theoretical Best
    Office A
    $449.5K
    $393.3K – $524.4K (±1% cap)
    NOI $31,465 @ 7.0% cap · market cap 5.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Barber Shop Garden Center (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Home Appliance Store (Bike/Boat/Book/etc) Store Plumbing Service HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.532138
    Latitude
    39.147118

    FAQs

    What type of property is this?
    Office building - Well-maintained corner building with reception, multiple offices, conference room, and 9 on-site parking spaces.
    Where is this office building located?
    The property is located at 1815 S Walnut Street Bloomington, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2,300 sq ft office/retail building on a corner lot at a signalized intersection, about 1 mile south of downtown Bloomington; Interior layout includes front reception, 7 offices, and a conference room with 2 bathrooms and a kitchenette area; Central air cooling, shingle roof; year built 1995
    More about this property
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