Bloomington Restaurant/Bar
419 N Walnut Street, Bloomington, IN 47404
New
Restaurant/Bar - Bloomington, IN
Property size:
8,300 SFLot size:
0.20 AcresPrice / SF:
$189/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 5:06 am
Property Features for 419 N Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Office
- Parking features
- None
- Interior features
- Block, Drywall, Handicap Access, Overhead Door 1, Office Space, Public Restrooms, Refrigeration/Freezer
- Exterior features
- Handicap Access, Overhead Door 1, Office Space, Public Restrooms, Refrigeration/Freezer
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 53-05-33-300-045.000-005
- Size
- 8,300 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23219.76
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Block, Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Chris Cockerham License #RB14027897 (812) 340-3083
Listing office FC Tucker/Bloomington REALTORS 487 S Clarizz Blvd, Bloomington, IN (812) 336-7300
Listing date May 29, 2026
MLS# 202620548
Listing URL
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.
HighLights
- Prime downtown location with high visibility and foot traffic, near Courthouse Square and Indiana University.
- Extensive renovations including newer rubber roof, updated HVAC, and upgraded electrical/plumbing systems.
- Flexible, open‑span interior construction with minimal columns.
- Commercial kitchen infrastructure and multiple walk‑in coolers.
- Private office space with full bath and laundry area.
- Seller financing possible at 3.99% interest rate for qualified buyers.
Overview
This commercial property in downtown Bloomington presents an opportunity in a high-traffic entertainment and mixed-use area. The property, offering approximately 8,300 square feet, is situated within walking distance of Indiana University and a few blocks from the Courthouse Square, benefiting from high visibility and a dense student and residential population. The building has undergone extensive renovations, including a newer rubber roof, updated HVAC systems and ductwork, renovated restrooms, upgraded electrical and plumbing systems, and fire suppression improvements. It features a commercial kitchen infrastructure, multiple walk-in coolers, overhead garage door access, private office space with a full bath, a laundry area, and flexible open-span interior construction with minimal columns. The property is located in Monroe County.
Local Financial Insights For Specialty 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 | $149.4k | $18.00 |
| − Vacancy | −$6.3k | −$0.76 |
| EGI | $143.1k | $17.24 |
| − OpEx | −$35.8k | −$4.31 |
| NOI | $107.3k | $12.93 |
8,300 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,344 @ 7.0% cap · market cap 6.84%
Second Best
Industrial
$701.1K
$613.4K – $817.9K
NOI $49,075 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,549 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Places Nearby
- Dimensions Gallery - Art Gallery, Venue, & Flex Space by Artisan Alley — 222 W 2nd St, Bloomington, IN 47403
- Matuto — 511 W 4th St, Bloomington, IN 47404
- PopKorn Kernels With a Twist — 122 S College Ave, Bloomington, IN 47404
- Atlas Ballroom — 209 S College Ave, Bloomington, IN 47404
- Serendipity Martini Bar — 201 S College Ave, Bloomington, IN 47404
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.53396
- Latitude
- 39.170135
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Prime downtown location with recent renovations and strong potential.
Where is this bar & pub located?
The property is located at 419 N Walnut Street Bloomington, IN.
What is the asking price?
The asking price for this property is $1,570,000.
What are key features of this property?
This property features: Prime downtown location with high visibility and foot traffic, near Courthouse Square and Indiana University.; Extensive renovations including newer rubber roof, updated HVAC, and upgraded electrical/plumbing systems.; Flexible, open‑span interior construction with minimal columns.
