Mixed-Use Redevelopment Land
For Sale
$1,299,000
600 & 616 S Walnut Street, Bloomington, IN 47401
COMMERCIAL, Bloomington, IN
Property SizeContact for details
Lot Size0.53 Acres
Days on Market150
Property Features for 600 & 616 S Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City, Near College Campus, Near Walking Trail
Directions
Corner Walnut and 1st streets
Subdivision
Monroe County
Standard status
Active
APN
53-08-04-200-011.000-009
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
4049
Tax Description
015-51400-00 Seminary Part Lot 1 (104.5'x76.5')&(104.5'x66') L1A (and) B 015-55150-00 Seminary Pt Lots 1&2
Tax Annual Amount
6948
Legal Description
015-51400-00 Seminary Part Lot 1 (104.5'x76.5')&(104.5'x66') L1A (and) B 015-55150-00 Seminary Pt Lots 1&2
Building Details
Year built
1954
Listing Agency:
Picket Fence Real Estate Co LLC
(812) 340-0944
Listed By:
Tod Wesemann · License #RB14047936
(812) 322-3926
Added: Mar 27
Changed: Aug 19
Last Checked: Aug 23 at 6:06AM
MLS# 202610324
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.
Investment Insights
Based on property information with market context.
This offering consists of a 0.53-acre commercial land site at 600 & 616 S Walnut Street in Bloomington. The property is presented as a redevelopment opportunity and is being sold “AS/IS.” The site is described as zoned Mixed-Use Downtown and located within the Downtown Gateway (MD-DG) character overlay.
The Downtown Gateway (MD-DG) overlay is described as being designed to encourage architecturally thoughtful mixed-use development that links surrounding neighborhoods to the downtown area. The seller also describes the site as a high-traffic, high-visibility location with proximity to the B-Line Trail, Monroe Convention Center, Hopewell Development, City parks, and Indiana University.
Given the mixed-use downtown zoning and the MD-DG overlay requirements, this site may fit buyers seeking a mixed-use development aligned with downtown character expectations. The “AS/IS” disposition indicates prospective purchasers should plan for due diligence tailored to redevelopment conditions.
The Downtown Gateway (MD-DG) overlay is described as being designed to encourage architecturally thoughtful mixed-use development that links surrounding neighborhoods to the downtown area. The seller also describes the site as a high-traffic, high-visibility location with proximity to the B-Line Trail, Monroe Convention Center, Hopewell Development, City parks, and Indiana University.
Given the mixed-use downtown zoning and the MD-DG overlay requirements, this site may fit buyers seeking a mixed-use development aligned with downtown character expectations. The “AS/IS” disposition indicates prospective purchasers should plan for due diligence tailored to redevelopment conditions.
Key Highlights
- 1954‑built property in downtown Bloomington
- Over half‑acre site zoned Mixed‑Use Downtown and within the Downtown Gateway (MD‑DG) character overlay
- Within the Downtown Gateway (MD‑DG) overlay designed to encourage architecturally thoughtful mixed‑use development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 47401, IN
41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Over half-acre mixed-use downtown land offered for redevelopment, sold as-is.
Where is this commercial land located?
The property is located at 600 & 616 S Walnut Street Bloomington, IN.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1954‑built property in downtown Bloomington; Over half‑acre site zoned Mixed‑Use Downtown and within the Downtown Gateway (MD‑DG) character overlay; Within the Downtown Gateway (MD‑DG) overlay designed to encourage architecturally thoughtful mixed‑use development
