419 N WALNUT ST, Bloomington, IN 47401
Extensively renovated mixed-use building with commercial kitchen infrastructure and flexible open-span layout for multiple operating concepts.
- Added:
- May 28, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 6 at 4:45 am
Property Features for 419 N WALNUT ST
General Information
- Standard status
- Active
- Size
- 8,273 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1980
Listing agent Christopher Cockerham License #RB14027897
Listing office FC Tucker/Bloomington, REALTORS (812) 336-7300
Listing date May 28, 2026
Source Crexi
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 FC Tucker/Bloomington, REALTORS
HighLights
- Approximately 8,300 SF downtown Bloomington commercial building in the MD‑DC (Mixed‑Use Downtown Core) zone
- Extensive renovations include a newer rubber roof, updated HVAC systems and ductwork, and fire suppression improvements
- Renovated restrooms plus upgraded electrical and plumbing systems
- Commercial kitchen infrastructure with multiple walk‑in coolers and overhead garage door access
- Flexible open‑span interior with minimal columns, plus private office space with full bath and a laundry area
- Located a short walk from Indiana University and just blocks from Courthouse Square
Overview
The building is located just blocks from the Courthouse Square and within walking distance to Indiana University, placing it in a high-activity downtown entertainment and mixed-use corridor. The property is described as benefiting from strong foot traffic and visibility due to its proximity to a dense student and residential population.
Zoned MD-DC (Mixed-Use Downtown Core), the building can support a range of commercial uses based on tenant/operator needs, including restaurant or bar concepts, brewery or distillery use, entertainment or event space, fitness or recreation, retail showroom, office conversion, creative workspace, or mixed-use redevelopment. With updated building systems and functional back-of-house features, it is well suited for operators seeking a downtown-ready space that can accommodate both guest-facing areas and practical service operations.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.8k | $20.04 |
| − Vacancy | −$7.3k | −$0.88 |
| EGI | $158.5k | $19.16 |
| − OpEx | −$47.5k | −$5.75 |
| NOI | $110.9k | $13.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5333084
- Latitude
- 39.1620063
