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Property profile & analytics
FOR SALE
Car washes

542 S Walnut St Bloomington, IN 47401

4,583 SF 0.66 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-1287531
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1973
Construction WOOD
Total area 4,583 SF
Lot 0.66 ac (28,750 SF)
APN 53-08-04-215-009.000-009
UPID US31-1287531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k
Owner & transaction history
542 LLC · 2 yrs held
542 LLC
since 2023
Last sale
$900,000
3 recorded transactions
2023
$900,000
2022
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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