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    542 S Walnut St Bloomington, IN 47401

    For Sale
    $1,200,000

    Commercial Land - Bloomington, IN

    Lot size:
    0.66 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 542 S Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family/Commerical
    APN
    53-08-04-215-009.000-009
    Exterior features
    None
    Lot size
    0.66 Acres

    Building Details

    Architectural style
    Other

    RE/MAX REALTY PROFESSIONALS (BLOOMINGTON) (812) 323-1231 [email protected]

    Listing agent Jim Regester (812) 323-1231 License #RB14012351

    Listing date Nov 17, 2025

    MLS# 202421867 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Bloomington Commercial Land Available

    This 0.66-acre parcel is located in downtown Bloomington, 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.53417
    Latitude
    39.15981

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    FAQs

    What type of property is this?
    Commercial land - Prime 0.66-acre downtown Bloomington land for multi-family or commercial development.
    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: - Prime Downtown Location: South of the Square and Post Office, offering unparalleled access to amenities.; - Large 2/3 acre lot in the downtown area provides ample space.; - Dual Street Frontage: Features 100' of frontage on both Walnut and College Avenue.
    (812) 323-1231
    Request Owner's contact information
    542 S Walnut St Bloomington, IN 47401
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    Bloomington, IN 47401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    542 S Walnut St Bloomington, IN 47401
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