Search
Office Suite with Dedicated Parking
For Lease
$11.85 SF/Yr NNN

328 S Walnut Street, Bloomington, IN 47401

SINGLE_FAMILY - Bloomington, IN

Space Size2,000 SF
Lot Size0.40 Acres
Days on Market296

Property Features for 328 S Walnut Street

General Information

Property type Residential
Property subtype Office
Zoning description Mixed-Use Downtown - Downtown Core
Parking features Off Street
Directions On S. Walnut between 2nd and 3rd St. near Realty Professionals.
Subdivision Monroe County
Standard status Active
APN 53-01-55-617-001.000-009
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 015-56170-01 Walnut Center Condominiums Unit 1
Tax Annual Amount 3243
Legal Description 015-56170-01 Walnut Center Condominiums Unit 1

Utilities

Cooling system Central Air

Building Details

Year built 1980
Flooring type Carpet, Tile
Listing Agency: Realty Professionals · RE/MAX International
Listed By: Jim Regester · License #RB14012351
Added: Oct 21, 2025 Changed: Aug 2 Last Checked: Aug 12 at 12:06PM
MLS# 202542739

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.

Class A salon/office/studio space available in a prominent downtown setting next to the new Monroe Convention Center. The space totals 2,000 square feet+/- and is arranged into 6 rooms, including large offices, a conference room, a kitchen, and an ADA restroom. Flooring includes carpet and tile, and the suite is served by central air.

On-site access includes 3 dedicated off-street parking spaces. The layout is described as having previously been used as a salon, with flexibility to support professional office, studio, or salon use. The lease is NNN, and the landlord is currently only willing to consider a one-year lease term.

Key Highlights

  • 2,000 square feet+/- class A salon/office/studio space
  • Configured as 6 rooms with large offices plus conference room
  • Kitchen and an ADA restroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,937
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

$12.82 /SF/Yr
Avg Asking Price
$2.4–$18 /SF/Yr
Price Range
3,687 SF
Avg Space Size

This space is priced 8% below the average of $12.82 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Class A office/studio space with central air and three dedicated off-street parking spaces.
Where is this office units located?
The property is located at 328 S Walnut Street Bloomington, IN.
What is the lease rate?
The lease rate is $11.85 SF/Yr.
What are key features of this property?
This property features: 2,000 square feet+/- class A salon/office/studio space; Configured as 6 rooms with large offices plus conference room; Kitchen and an ADA restroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message