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Downtown Office Suite

328 S Walnut Street #Ste 4, Bloomington, IN 47401

For Lease
New
$11.85 SF/Yr

Seven-room layout includes dedicated parking and an ADA-compliant restroom.

Space SizeContact for details
Days on Market7

Property Features for 328 S Walnut Street #Ste 4

General Information

Standard status Active
Total Parking Spaces 4
Zoning Mixed-Use Downtown - Downtown Core
Lease Type NNN

Space & Availability

Space Use Office
Sublease No
Private Offices 5
Meeting Rooms 1

Lease Terms

Lease Rate $11.85 /SF/YR
Rent per SF/Year $11.85
Lease Term 6 months
Month-to-Month No
Flexible Term No

Amenities

kitchen
ADA restroom

Building Details

Year Built 1980
Buildings 1
Stories 1
Listing Agency: Realty Professionals
Listed By: Jim Regester · License IN RB14012351
Source: Bigrealtyservices
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 8 at 6:02PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This downtown office suite contains seven rooms: five offices, a conference room, and a kitchen, along with an ADA restroom. The property was built in 1980 and has four dedicated parking spaces.

Located at 328 S Walnut Street in Bloomington, the space is zoned Mixed-Use Downtown - Downtown Core. The current lease term under consideration is six months.

Key Highlights

  • Seven‑room configuration with five offices and a conference room
  • Kitchen and ADA restroom
  • Four dedicated parking spaces

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
$1.78 /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

Market

Lease Benchmarks for Bloomington, IN

$79.86 /SF/Yr
Avg Asking Price
$10–$422 /SF/Yr
Price Range
2,126 SF
Avg Space Size

This space is priced 85% below the average of $79.86 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Bloomington, IN

$12.93 Jul
$16.92 Aug
$18.02 Sep
$70.73 Oct

Properties on Market for Office Units in Bloomington

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Seven-room layout includes dedicated parking and an ADA-compliant restroom.
Where is this office unit located?
The property is located at 328 S Walnut Street #Ste 4 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: Seven‑room configuration with five offices and a conference room; Kitchen and ADA restroom; Four dedicated parking spaces
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Includes: Price & PSF · Cap rate · Location · Zoning

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