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Restaurant Building with Warehouse
For Sale
$3,000,000

409 S Walnut Street, Bloomington, IN 47401

COMMERCIAL, Bloomington, IN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market674

Property Features for 409 S Walnut Street

General Information

Property type Commercial Sale
Property subtype Other
Directions North on S. Walnut. Building is next to the Chocolate Moose
Subdivision Monroe County
Standard status Active
APN 53-08-04-200-089.000-009
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 015-60970-00 Seminary Pt Lot 72
Tax Annual Amount 20676
Legal Description 015-60970-00 Seminary Pt Lot 72

Utilities

Cooling system Central Air

Amenities

multiple restrooms
conference/meeting area
kitchen
open garage/warehouse space

Building Details

Year built 1950
Flooring type Concrete, Tile, Laminate
Listing Agency: Century 21 Scheetz - Bloomington · Century 21 Real Estate
Listed By: Isaac Redden · License #RB14047983
Added: Oct 18, 2024 Changed: Aug 20 Last Checked: Aug 22 at 8:06PM
MLS# 202440429

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 restaurant property includes over 7,500 square feet of restaurant, cafe, and bar space within a building constructed in 1950. The layout includes a kitchen, multiple restrooms, a conference and meeting area, and an open garage or warehouse section at the rear. The back area has its own entry, creating a separate access point within the building. Flooring includes concrete, tile, and laminate, with central air conditioning serving the property.

The site contains 0.4 acres and provides over 10,000 square feet of parking. Located at 409 S Walnut Street in Bloomington, the property combines restaurant-oriented improvements with additional enclosed work or storage space.

Key Highlights

  • Over 7,500 sqft of restaurant, cafe, and bar space
  • Over 10,000 sqft of parking on a 0.4‑acre site
  • Rear open garage /warehouse area with its own entry

Property Analytics

Current Use

Conventional restaurants

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

2,769
Businesses Nearby
Under-served
Demand for This Use

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space includes a kitchen, multiple restrooms, meeting facilities, and central air conditioning.
Where is this conventional restaurant located?
The property is located at 409 S Walnut Street Bloomington, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Over 7,500 sqft of restaurant, cafe, and bar space; Over 10,000 sqft of parking on a 0.4‑acre site; Rear open garage /warehouse area with its own entry
More about this property
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