419 Walnut St Bloomington, IN 47404-3842

Property Details for 419 Walnut St

Year built

1980

Construction

WOOD

Lot size

0.20 lot acres

Property size

8,273 SF

Property type

Turn key restaurants

APN

53-05-33-300-045.000-005

APU

530533300045000005

Description

This exceptional 8,273-square-foot single-tenant retail property boasts a prime location in Bloomington's vibrant downtown core, just blocks from the Courthouse Square and Indiana University's campus (48,000 students enrolled in 2024). The building, situated on Walnut Street, features abundant natural light and a wide-open floor plan thanks to its wall-to-wall radius steel truss roof structure with minimal interior columns. A complete renovation in 2017 included a new 30-year rubber roof, updated exterior (doors and windows), five new rooftop HVAC units, new interior ductwork, updated bathrooms, and replacement of all electrical, plumbing, and fire suppression systems. Additional improvements encompass a full kitchen, multiple walk-in coolers, an overhead garage door, and a laundry room. A private office with a full bath and ample storage areas are also included. This historically significant building, last sold in 1986, has hosted legendary musical acts and numerous private events. Its flexible layout offers endless possibilities for various uses, including restaurants, bars, breweries, distilleries, dance clubs, recreation centers, gaming venues, retail spaces, or even offices. Seller financing is available at a below-market interest rate of 5.5%. Blueprints are accessible through a local architectural firm. This is a truly unique opportunity to acquire a piece of Bloomington's history and create a thriving business.

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Longitude

-86.5339

Latitude

39.1701

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments