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Downtown Individual Office Units
For Lease
$400-$600/Mo

328 S Walnut St, Bloomington, IN 47401

Five private office rooms offer shared waiting areas, kitchenette access, and bathrooms in a downtown Bloomington property.

Space Size100 SF - 192 SF
Days on Market40

Property Features for 328 S Walnut St

General Information

Standard status Active
Size 100 SF - 192 SF
Net Rentable 100 SF
Lease Type Gross

Space & Availability

Available Space 100-192 SF
Space Use Private Office
Sublease No
Private Offices 5

Lease Terms

Monthly Rent $400-$600
Rent per SF/Year $37.50-$50

Amenities

waiting areas
kitchenette
bathroom access
off street parking

Building Details

Year Built 1980
Listing Agency: Realty Professionals
Listed By: Jim Regester · License #RB14012351
Source: Spencerchildersgroup
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 28 at 8:45PM

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 Realty Professionals

Investment Insights

Based on property information with market context.

Five individual office rooms are available within a 2,000-square-foot office property built in 1980. The spaces range from 10x10 to 16x12, with rooms positioned across the main and upstairs levels. Each office includes access to multiple waiting areas, a kitchenette, and bathrooms. Gross lease arrangements are available, with short-term leases preferred.

The property is located at 328 S Walnut St in downtown Bloomington, Indiana. Off-street parking is available as an option. Room configurations include three offices on the main level and two upstairs, providing several size choices for office users seeking private work areas with shared common amenities.

Key Highlights

  • Five individual office rooms available within a 2,000‑square‑foot property
  • Office sizes range from 10x10 to 16x12
  • Shared access to multiple waiting areas, kitchenette, and bathrooms

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service Locksmith Pet Grooming Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

2,769
Businesses Nearby

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

Market

Lease Benchmarks for Bloomington, IN

$19.26 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
1,583 SF
Avg Space Size

This space is priced 127% above the average of $19.26 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Five private office rooms offer shared waiting areas, kitchenette access, and bathrooms in a downtown Bloomington property.
Where is this office units located?
The property is located at 328 S Walnut St Bloomington, IN.
What is the lease rate?
The lease rate is $1,975/Mo.
What are key features of this property?
This property features: Five individual office rooms available within a 2,000‑square‑foot property; Office sizes range from 10x10 to 16x12; Shared access to multiple waiting areas, kitchenette, and bathrooms
More about this property
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