118 Walnut St, Bloomington, IN 47404
This exceptional retail property, located at 118 N Walnut St in Bloomington, Indiana, presents a unique opportunity. The building, constructed in 1985 and extensively renovated in 2018, boasts a total of 10,138 square feet across three stories. Currently, a single, 2,800 square foot space is available for lease, ideal for a variety of retail uses, such as a coffee shop or clothing store, as indicated by the zoning. The property features two offices and a large open area, making it highly adaptable to different business needs. A significant advantage is the presence of a grease intercept, a valuable asset for food-related businesses. Parking is primarily public, with one designated parking space located behind the building for the tenant's use. The property is situated in the heart of Bloomington's Courthouse Square Downtown Character Overlay zone, ensuring a vibrant and high-traffic location. This is a rare chance to secure a well-maintained, centrally located retail space in a thriving Indiana community. The building consists of one structure with a single suite. The zip code is 47404, and the property is in Monroe County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.