Retail Space with Open Floor
For Sale
Contact for pricing
1820 S Walnut Street, Bloomington, IN 47403
Storefront windows bring natural light into a flexible space for retail or service use.
Property Size863 SF
Price / SF$13.90
Days on Market9
Property Features for 1820 S Walnut Street
General Information
Standard status
Active
Size
863 SF
Property subtype
Commercial
Amenities
open floor plan
floor-to-ceiling storefront windows
Building Details
Year Built
2003
Listing Agency:
FC Tucker/Bloomington REALTORS
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FC Tucker/Bloomington REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 863 SF retail space has an open interior and floor-to-ceiling storefront windows. The layout can accommodate retail, service, or boutique concepts, and the building was constructed in 2003.
At 1820 S Walnut Street in Bloomington, the property is near Bloomington South High School.
At 1820 S Walnut Street in Bloomington, the property is near Bloomington South High School.
Key Highlights
- ±863 SF of retail space
- Open floor plan
- Floor‑to‑ceiling storefront windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,573
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,460
$231.5K
Cap Rate 7%
$165,329
$165.3K
Cap Rate 9%
$128,589
$128.6K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$17.3K $20.04/SF
− Vacancy
−$761 −$0.88/SF
EGI
$16.5K $19.16/SF
− OpEx
−$5.0K −$5.75/SF
NOI
$11.6K $13.41/SF
Area
Monroe County, IN
Vacancy
4.40%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,460
Cap Rate 7%
$165,329
Cap Rate 9%
$128,589
Alternative Uses
Best Use
Retail
$165.3K
$144.7K – $192.9K
NOI $11,573 @ 7.0% cap · market cap 96.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 98.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
Check the figures for this property
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Storefront windows bring natural light into a flexible space for retail or service use.
Where is this retail space located?
The property is located at 1820 S Walnut Street Bloomington, IN.
What are key features of this property?
This property features: ±863 SF of retail space; Open floor plan; Floor‑to‑ceiling storefront windows
