1815 S Walnut Street, Bloomington, IN 47401
Office - Bloomington, IN
- Added:
- Apr 28, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 13 at 6:06 am
Property Features for 1815 S Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 9
- Parking features
- Paved or Surfaced
- Interior features
- Drywall, None
- Exterior features
- None
- Standard status
- Active
- APN
- 53-08-09-200-006.000-009
- Size
- 2,300 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13559.32
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Craig Dohman (317) 844-5111
Listing office Century 21 Scheetz - Bloomington 1155 S College Mall Rd, Carmel, IN (812) 336-2100
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
- Excellent visibility at a signalized corner intersection.
- Vacant and ready for immediate occupancy.
- Well‑maintained 2,300 sq ft building.
- Includes 7 offices, conference room, 2 bathrooms, and kitchenette.
- Handicap accessible with circular driveway and 9 parking spots.
- Suitable for owner‑occupied business or investment property.
Overview
Located in Bloomington, the building sits on a corner lot about one mile south of downtown. It fronts a signalized intersection, giving it prominent street presence.
The layout and site design make this property a practical fit for an owner-occupied professional business that needs multiple private offices and a dedicated conference space. It may also appeal to investors seeking a single building with clear, functional office improvements, along with nine on-site parking spaces and straightforward vehicle access for tenants, staff, and visitors. The building is available for sale or lease.
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
