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Downtown Mixed-Use Development Land
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542 S Walnut St, Bloomington, IN 47401

Downtown land parcel with 100' frontage on Walnut and 100' frontage on College Avenue.

Lot Size0.66 Acres
Days on Market776

Property Features for 542 S Walnut St

General Information

Standard status Active
Lot size 0.66 Acres
Property subtype LAND
Zoning Mixed Use Downtown
Listing Agency: REALTY PROFESSIONALS
Listed By: James Regester
Source: Moodyscre
Added: Jun 18, 2024 Changed: Jul 28 Last Checked: Aug 1 at 2:37PM

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 REALTY PROFESSIONALS

Investment Insights

Based on property information with market context.

This downtown land parcel offers approximately two-thirds of an acre and includes 100 feet of frontage on Walnut and 100 feet of frontage on College Avenue. It is described as zoned Mixed Use Downtown, with allowances noted for multi-family and/or commercial uses.

The property is located just south of the Square and near the Post Office, positioned between Walnut and College.

With frontage on two streets and a mixed-use downtown zoning designation, the site supports a range of multi-family and commercial development options consistent with the stated zoning allowances.

Key Highlights

  • 2–3 acre downtown land parcel with 100' frontage on Walnut and 100' frontage on College Avenue
  • Zoned Mixed Use Downtown, allowing multi‑family and/or commercial use

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Building Supply Storage Facility Electrical Service Garden Center

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

2,937
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Downtown land parcel with 100' frontage on Walnut and 100' frontage on College Avenue.
Where is this commercial land located?
The property is located at 542 S Walnut St Bloomington, IN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2–3 acre downtown land parcel with 100' frontage on Walnut and 100' frontage on College Avenue; Zoned Mixed Use Downtown, allowing multi‑family and/or commercial use
(812) 650-3600 Call to check price and availability
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