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Hood-Vent Downtown Retail Restaurant Space
For Lease
$25 SF/Yr

531 N Walnut St, Bloomington, IN 47404

Retail/restaurant space with a hood vent, shared customer parking, and room for outdoor seating in the Downtown Core district.

Space SizeContact for details
Days on Market52

Property Features for 531 N Walnut St

General Information

Standard status Active
Zoning Downtown Core

Additional Details

Commercial Hood Yes

Amenities

shared customer parking
room for outdoor seating

Building Details

Year Built 1977
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Chris Cockerham · License #RB14027897
Source: Callcriswell
Added: Jul 26 Changed: Sep 8 Last Checked: Sep 14 at 4:24PM

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

Investment Insights

Based on property information with market context.

Located at 531 N Walnut St in Bloomington, this 1,832 SF storefront space is positioned for retail, restaurant, or creative use within the Downtown Core zoning district. A hood vent is already in place, supporting foodservice concepts, and the layout includes room for outdoor seating.

The space also benefits from shared customer parking, making it convenient for patrons visiting in the heart of downtown. Bring your concept and put it to work in a street-level setting designed for active customer traffic and walk-in visibility.

Key Highlights

  • 1,832 SF downtown retail/restaurant space on Walnut Street
  • Downtown Core zoning district for retail, restaurant, or creative use
  • Hood vent already in place

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Electrical Service Veterinary Clinic HVAC Service (Bike/Boat/Book/etc) Store 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

Yes
Commercial hood
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,590
Businesses Nearby

Demographics for 47404, IN

23,799
Population
12,101
Households
2
Avg Household Size
33
Median Age
43%
College-Educated
95%
High-School Grad
52.6 sq mi
ZIP Area
452
Density / Sq Mi
$54,674
Median Household Income
$36,725
Median Earnings
$1,159
Median Rent
$243,500
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

$16.11 /SF/Yr
Avg Asking Price
$2.4–$25 /SF/Yr
Price Range
12,726 SF
Avg Space Size

This space is priced 55% above the average of $16.11 /SF/Yr.

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?
Retail space - Retail/restaurant space with a hood vent, shared customer parking, and room for outdoor seating in the Downtown Core district.
Where is this retail space located?
The property is located at 531 N Walnut St Bloomington, IN.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1,832 SF downtown retail/restaurant space on Walnut Street; Downtown Core zoning district for retail, restaurant, or creative use; Hood vent already in place
More about this property
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