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Freestanding Drive-Through Restaurant
For Lease
$25 SF/Yr NNN

535 S Walnut St, Bloomington, IN 47401

Former restaurant building offers dedicated parking and a layout suited to quick-service and beverage operations.

Space SizeContact for details
Days on Market30

Property Features for 535 S Walnut St

General Information

Standard status Active

Building Details

Year Built 1988
Listing Agency: FC Tucker/Bloomington REALTORS
Listed By: Chris Cockerham · License #RB14027897
Source: Callcriswell
Added: Aug 1 Changed: Aug 29 Last Checked: Aug 29 at 11:56AM

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.

This freestanding restaurant property at 535 S. Walnut St. provides approximately 2,169 square feet of existing retail space. The building dates to 1988 and includes a drive-through window, supporting reuse for quick-service dining, coffee, beverage, and other service-oriented retail operations. A dedicated on-site parking lot is also part of the property.

The site is positioned along a visible, accessible commercial corridor with frontage and convenient ingress and egress. The existing configuration provides an established foundation for operators seeking a drive-through-capable location in Bloomington. Lease terms are structured as NNN.

Key Highlights

  • Approximately ±2,169 square feet of freestanding retail space
  • Existing drive‑through window supports quick‑service and beverage uses
  • Dedicated on‑site parking lot

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Building Supply Storage Facility Electrical Service Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

2,590
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

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Drive through restaurant - Former restaurant building offers dedicated parking and a layout suited to quick-service and beverage operations.
Where is this drive through restaurant located?
The property is located at 535 S 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: Approximately ±2,169 square feet of freestanding retail space; Existing drive‑through window supports quick‑service and beverage uses; Dedicated on‑site parking lot
More about this property
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