531 Walnut St Bloomington, IN 47404-3844
For Lease
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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.
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.