531 N Walnut St Bloomington, IN 47404
- Turn key restaurants
- 3,539 SF
- 0.19 lot acres
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
-
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