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Financial
Distress signals
Property profile

531 N Walnut St Bloomington, IN 47404

FOR LEASE
Turn key restaurants
Property ID
US31-0808824
3,539 SF 0.19 ac lot Built 1977
Last sale Nov 2023
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1,832 square foot retail space located on Walnut Street in downtown Bloomington, within the Downtown Core zoning district. The interior is configured to accommodate retail, restaurant, or creative uses, including an existing hood vent for food service operations. The site provides access to shared customer parking and includes space suitable for outdoor seating, with frontage on Walnut Street in an active downtown commercial area characterized by vehicle and pedestrian traffic.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$320k
Assessed land$246k
Assessed improvement$75k
Effective rate1.06%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 4.47% cap applied$25k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
4.47%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.8
Electrical Service10.1
Veterinary Clinic9.5

Location

531 N Walnut St Bloomington, IN 47404
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1122 11th, Bloomington, IN 47404-3212 $350,000 Apr 2023 2,400 SF
1402 Walnut, Bloomington, IN 47404-2403 $44,560 Jul 2022 2,650 SF
107 9th, Bloomington, IN 47404-3818 $415,000 Jul 2022 4,251 SF
102 Walnut, Bloomington, IN 47404-4911 $5,000,000 Apr 2021 3,784 SF
402 Gates, Bloomington, IN 47404-4854 $2,194,690 Mar 2021 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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