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    FOR SALE
    Turn key restaurants

    409 S Walnut St, Bloomington, IN 47401

    7,536 SF 0.4 ac lot Built 1950
    Individually Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US31-1075917
    Property summary
    AI-generated overview

    This exceptional 7,536 square foot retail property, located at 409 S Walnut St in Bloomington, Indiana, presents a unique investment opportunity. Built in 1950, the single-tenant building sits on a generous 17,424 square foot lot, providing ample space for customer parking and potential expansion. The property boasts 27 parking spaces, ensuring convenient access for patrons. The zoning designation is MD-DC, offering flexibility for a variety of retail uses. The building's substantial size and prime location in Bloomington, IN 47401 (39.1624862, -86.5332421) make it an ideal space for a variety of businesses seeking high visibility and accessibility. The property's single-tenant occupancy simplifies management and provides a stable income stream. Its classic design offers a blank canvas for a modern renovation or can be utilized as-is, depending on the tenant's needs. The substantial lot size also presents opportunities for future development or expansion. This property is well-suited for a business seeking a strong presence in a thriving Bloomington community. Serious inquiries are encouraged to explore the potential of this exceptional retail space. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1950
    Construction WOOD
    Total area 7,536 SF
    Lot 0.4 ac (17,424 SF)
    APN 53-08-04-200-089.000-009
    UPID US31-1075917
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jose D Salazar · 15 yrs held
    Jose D Salazar
    since 2011
    2 recorded transactions
    2016
    2011
    $595,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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