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    403 N Walnut St Bloomington, IN 47401

    For Sale
    $1,450,000

    Restaurant, Restaurant/Bar - Bloomington, IN

    Lot size:
    0.33 Acres
    Days on Market:
    199
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 403 N Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Kitchen
    Bathrooms
    3
    APN
    53-05-33-300-052.000-005
    Parking
    6
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, 220 Volts, Alley, Drapes, Reception Area, Ansel System, Refrigeration/Freezer
    Exterior features
    Fence, 220 Volts, Alley, Drapes, Reception Area, Ansel System, Refrigeration/Freezer
    Fencing
    Fenced
    Lot size
    0.33 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1870
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Saunders & Associates (812) 331-4174 [email protected]

    Listing agent Dave Harstad (812) 822-1122 License #RB14036381

    Listing date May 21, 2025

    MLS# 202518818 Listing URL

    Copyright © 2025 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.

    Overview

    Turnkey Restaurant and Event Space

    Located at 403 N. Walnut Street in Bloomington, this property presents a rare opportunity to acquire a turnkey restaurant and event space in downtown Bloomington. The offering includes all restaurant equipment, as well as personal property such as tables, chairs, and plates. A 3-way liquor license is available for an additional cost. The property combines historic authenticity with a modern restaurant and event operation. The lot size is 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Great White Smoke, IU Catering

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.533861
    Latitude
    39.16968

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    FAQs

    What type of property is this?
    Restaurant - Immaculate restaurant and event space in downtown Bloomington for sale.
    Where is this restaurant located?
    The property is located at 403 N Walnut St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Turnkey restaurant and event space in downtown Bloomington.; - Includes all restaurant equipment and personal property (tables, chairs, plates, etc.).; - Historic authenticity combined with modern functionality.
    (812) 822-1122
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 N Walnut St Bloomington, IN 47401
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