Commercial Land with Dual Avenue
For Sale
$1,200,000
542 S Walnut Street, Bloomington, IN 47401
LOTS AND LAND, Bloomington, IN
Property SizeContact for details
Lot Size0.66 Acres
Days on Market800
Property Features for 542 S Walnut Street
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi-Family/Commerical
Subdivision
Southeast Bloomington City
Lot features
0-2.9999, City
Elementary school
Rogers/Binford
Middle school
Jackson Creek
High school
Bloomington South
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
On South Walnut, between Rally's and the Post Office.
Standard status
Active
APN
53-08-04-215-009.000-009
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
015-25930-00 Monroe Co Comm Sch Pt Lots 3 & 6 N 100'
Tax Annual Amount
18607
Legal Description
015-25930-00 Monroe Co Comm Sch Pt Lots 3 & 6 N 100'
Listing Agency:
Realty Professionals · RE/MAX International
(812) 650-3600
Listed By:
Jim Regester · License #RB14012351
(812) 322-4446
Added: Jun 14, 2024
Changed: Aug 20
Last Checked: Aug 22 at 8:06PM
MLS# 202421867
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.
Investment Insights
Based on property information with market context.
This commercial land parcel offers a compact downtown site on 0.66 acres. The property includes 100 feet of frontage on Walnut and 100 feet of frontage on College Avenue, providing exposure on two streets.
The location is just south of the Square and the Post Office, situated between Walnut and College. The site is zoned Mixed Use Downtown, which allows multi-family and/or commercial use.
With frontage on both Walnut and College Avenue and Mixed Use Downtown zoning, the parcel can support a range of multi-family and commercial development concepts consistent with the zoning allowance.
The location is just south of the Square and the Post Office, situated between Walnut and College. The site is zoned Mixed Use Downtown, which allows multi-family and/or commercial use.
With frontage on both Walnut and College Avenue and Mixed Use Downtown zoning, the parcel can support a range of multi-family and commercial development concepts consistent with the zoning allowance.
Key Highlights
- Zoned Mixed Use Downtown allowing multi‑family and/or commercial use
- 0.66‑acre downtown parcel
- 100 feet of frontage on Walnut Street
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,590
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 0.66-acre downtown parcel zoned Mixed Use Downtown with 100 feet on Walnut and 100 feet on College Avenue.
Where is this commercial land located?
The property is located at 542 S Walnut Street 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: Zoned Mixed Use Downtown allowing multi‑family and/or commercial use; 0.66‑acre downtown parcel; 100 feet of frontage on Walnut Street
