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Property profile & analytics
FOR LEASE
Turn key restaurants

531 Walnut St Bloomington, IN 47404-3844

3,539 SF 0.19 ac lot Built 1977
Individually Owned 2-yr Hold Free & Clear
Property ID
US31-0808824
Property summary
AI-generated overview

This exceptional 1,832 square foot retail space, situated on bustling North Walnut Street in Bloomington's vibrant northside, presents a fantastic opportunity for a discerning business. Built in 1977, this single-tenant property boasts a spacious, open layout ideal for a variety of retail or restaurant concepts. The existing space includes a fully equipped kitchen featuring a hood vent, perfect for food service establishments. Convenient private parking is available for customers and employees, a significant advantage in a high-traffic area. The property's zoning designation is Downtown Core Downtown Character Overlay, reflecting its prime location within Monroe County's thriving commercial district. The building is a single-story structure, offering easy accessibility and efficient use of space. High visibility on North Walnut Street ensures significant foot traffic and excellent exposure to potential customers. Currently undergoing a thorough cleaning, updated photos will be available shortly. This property represents a rare chance to establish a successful business in a highly desirable location. The single-tenant occupancy provides flexibility and control, making it an attractive investment for both established businesses and new ventures. Don't miss this opportunity to secure a prominent presence in Bloomington's dynamic northside commercial market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Total area 3,539 SF
Lot 0.19 ac (8,276 SF)
APN 53-05-33-300-025.000-005
UPID US31-0808824
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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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Claudia Lemon Cook · 2 yrs held
Claudia Lemon Cook
since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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