409 S Walnut St, Bloomington, IN 47401
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.