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

328 S Walnut Street, Bloomington, IN 47401

COMMERCIAL FOR LEASE, Bloomington, IN

Space Size100 SF - 192 SF
Lot Size0.40 Acres
Days on Market97

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

Amenities

waiting areas
kitchenette
bathroom access
off-street parking

Building Details

Year built 1980
Flooring type Carpet, Tile
Listing Agency: Realty Professionals · RE/MAX International
Listed By: Jim Regester · License #RB14012351
Added: Jun 12 Changed: Aug 19 Last Checked: Sep 16 at 7:06AM
MLS# 202623584

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 Bloomington office property offers five individually leased rooms within a shared professional setting. The layout includes multiple waiting areas, a kitchenette, and bathroom access for occupants. Office sizes range from 10x10 to 16x12, providing several configurations for users seeking a smaller workspace. Interior finishes include carpet and tile, with central air conditioning serving the building.

Located at 328 S Walnut Street in downtown Bloomington, the property also offers off-street parking as an option. Short-term leases are preferred, providing flexibility for office users seeking a shorter commitment. The building was constructed in 1980 and is identified in the source classification as Office Units.

Key Highlights

  • Five individual office rooms with sizes ranging from 10x10 to 16x12
  • Shared waiting areas, kitchenette, and bathroom access
  • Downtown location at 328 S Walnut Street, Bloomington, IN 47401

Property Analytics

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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
$6.56 /SF/Yr
CAM

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Bloomington, IN

$20.06 /SF/Yr
Avg Asking Price
$2.4–$50 /SF/Yr
Price Range
2,178 SF
Avg Space Size

This space is priced 118% above the average of $20.06 /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
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Frequently Asked Questions

What type of property is this?
Office units - Five office rooms share waiting areas, a kitchenette, and access to bathrooms in a downtown setting.
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 $400/Mo.
What are key features of this property?
This property features: Five individual office rooms with sizes ranging from 10x10 to 16x12; Shared waiting areas, kitchenette, and bathroom access; Downtown location at 328 S Walnut Street, Bloomington, IN 47401
More about this property
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