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Property profile & analytics
OFF-MARKET
Bars & Pubs

403 Walnut St Bloomington, IN 47404

4,746 SF 0.33 ac lot Built 1870
Property ID
US31-1005991
Property summary
AI-generated overview

This exceptional downtown Bloomington property presents a rare opportunity to acquire a thriving, turnkey restaurant and event space. Located at 403 N. Walnut St., this meticulously maintained establishment boasts 4,746 square feet of net rentable space within two buildings, spanning two stories. Built in 1870 and extensively renovated in 2013, the property seamlessly blends historic authenticity with modern functionality. The sale includes all restaurant equipment and a vast inventory of personal property, encompassing tables, chairs, plates, and more. The property sits on a 0.33-acre lot and is zoned MD-DC, allowing for versatile usage. The building features a significant patio area, adding approximately 1,890 square feet of outdoor space. This owner-user investment opportunity is priced at $1,450,000, with a price per square foot of $305.52. A separate three-way liquor license is available for an additional $285,000. The property is currently occupied, with an occupancy date of June 30, 2024. A comprehensive offering package is available upon request, providing detailed information on this unique and highly desirable commercial property. This is a chance to own a piece of Bloomington's vibrant downtown scene, combining a successful business with a rich historical legacy.

Property profile
Verified
Property type Bars & Pubs
Year built 1870
Total area 4,746 SF
Lot 0.33 ac (14,375 SF)
APN 53-05-33-300-052.000-005
UPID US31-1005991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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