403 Walnut St Bloomington, IN 47404
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.