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Downtown Land Parcel For Sale
For Sale
$1,200,000

542 S Walnut Street Bloomington, Bloomington, IN 47401

Prime downtown land parcel suitable for multi-family or commercial development.

Property SizeContact for details
Lot Size0.67 Acres
Days on Market163

Property Features for 542 S Walnut Street Bloomington

General Information

Standard status Active
Lot size 0.67 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $18,606

Amenities

Available
Yes
City
Asphalt
28750
288.75' x 100
No
0.66
Listed By: Khin Kyaw
Source: Uptownrg
Added: Mar 26 Changed: Sep 3 Last Checked: Sep 4 at 2:51AM

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 Khin Kyaw

Investment Insights

Based on property information with market context.

This 2/3 acre parcel is located in a desirable downtown location, just south of the square and the post office, situated between Walnut and College. The property features 100 feet of frontage on Walnut and 100 feet of frontage on College Avenue. Zoned Mixed Use Downtown, the site allows for multi-family and/or commercial development.

Key Highlights

  • Great downtown location south of the Square and Post Office.
  • Rare 2/3 acre downtown parcel.
  • Zoned Mixed Use Downtown allowing Multi‑Family and/or Commercial development.

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

2,590
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
Rey
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 - Prime downtown land parcel suitable for multi-family or commercial development.
Where is this commercial land located?
The property is located at 542 S Walnut Street Bloomington 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: Great downtown location south of the Square and Post Office.; Rare 2/3 acre downtown parcel.; Zoned Mixed Use Downtown allowing Multi‑Family and/or Commercial development.
More about this property
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