535 Walnut St Bloomington, IN 47401-4615
- Turn key restaurants
- 2,169 SF
- 0.30 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 535 Walnut St
- Year built
- 1988
- Lot size
- 0.30 lot acres
- Property size
- 2,169 SF
- Property type
- Turn key restaurants
- APN
- 53-08-04-214-003.000-009
- APU
- 530804214003000009
Description
This exceptional 2,287 square foot retail space is ideally situated at 535 S Walnut St in Bloomington, Indiana, within Monroe County (zip code 47401). The property is a single-tenant building, perfectly suited for a fast food restaurant or similar establishment. Its convenient location offers high visibility and accessibility for customers. The building's total square footage is 2,287 square feet, providing ample space for operations and potential expansion. The property type is classified as retail, specifically catering to fast food and restaurant businesses. This presents a unique opportunity for a business seeking a well-positioned location in a thriving community. The property's address is easily accessible and benefits from strong foot traffic and vehicular access. The geographic coordinates are 39.1599995 latitude and -86.5332963 longitude, allowing for precise location identification and mapping. This single-tenant building offers a streamlined operational environment, minimizing complexities associated with multi-tenant properties. The property's size and configuration are well-suited for a variety of restaurant concepts, from quick-service to casual dining. Serious inquiries are encouraged to explore this promising investment opportunity in a dynamic market. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. This location offers significant potential for growth and profitability, making it an attractive proposition for businesses seeking a strong foothold in the Bloomington market. The property's single-tenant status ensures a focused and efficient management structure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,360,000
- 6.5%
- $1,320,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,710,000
- Geo Method
- $1,400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,555,000
- Retail
- $1,480,000
- Mixed-Use
- $1,660,000
- Hospitality
- $1,560,000
- Educational
- $1,310,000
- Residential Income
- $1,555,000
- Energy
- $1,360,000
- Income-Based Land
- $1,230,000
- Food Service
- $1,470,000
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5333
- Latitude
- 39.16
- CBSA code
- 14020
- CBSA name
- BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA
