542 S Walnut St Bloomington, IN 47401
For Sale
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This exceptional 0.66-acre commercial land parcel presents a unique development opportunity in the heart of Bloomington, Indiana. Located at 542 S Walnut St, this property boasts a highly desirable Mixed Use Downtown Gateway zoning, allowing for a diverse range of commercial and multi-family projects. The lot features significant frontage on both Walnut Street and College Avenue, each measuring approximately 100 feet, providing excellent visibility and accessibility. Its strategic location places it just south of the Bloomington Square and the Post Office, ensuring high foot traffic and convenient access to downtown amenities. The property's address is 542 S Walnut St, Bloomington, IN 47403, and its parcel number is 53-08-04-215-009.000-009. This is a rare opportunity to acquire a substantial downtown lot with significant development potential. The asking price for this prime location is $1,200,000. The property's size and zoning make it ideal for a variety of projects, catering to the growing needs of Bloomington's vibrant downtown area. Don't miss this chance to secure a piece of Bloomington's thriving commercial landscape.
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.