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Property profile & analytics

531 N Walnut St Bloomington, IN 47404

  • Turn key restaurants
  • 3,539 SF
  • 0.19 lot acres
Value Estimation
$325,000
Last Sale
Nov 22, 2023
Location Intelligence
Property ID
US31-0808824
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 531 N Walnut St

Year built
1977
Lot size
0.19 lot acres
Property size
3,539 SF
Property type
Turn key restaurants
APN
53-05-33-300-025.000-005
APU
530533300025000005

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $280,000
  • CAP approach

    CAP return
    Estimation
    6%
    $365,000
    6.5%
    $365,000
    7%
    $405,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $430,000
    Geo Method
    $405,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $475,000
    Retail
    $355,000
    Mixed-Use
    $420,000
    Hospitality
    $355,000
    Educational
    $455,000
    Residential Income
    $415,000
    Energy
    $395,000
    Income-Based Land
    $390,000
    Food Service
    $390,000

Location Insight

  • Map
  • Local Demand
City
Bloomington
County
Monroe
State
Indiana
Longitude
-86.534
Latitude
39.1713
CBSA code
14020
CBSA name
BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,394
$245,500
$74,500
$320,000
-
$245,500
$74,500
$320,000
More about this property
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