1815 S Walnut Street, Bloomington, IN 47401
COMMERCIAL - Bloomington, IN
- 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
Listing agent Craig Dohman License #RB17001882 (812) 606-0136
Listing office Dohman Team 3500 W Maple Grove Rd, Bloomington, IN (812) 606-0136
Listing date Apr 28, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.532138
- Latitude
- 39.147118