419 Walnut StBloomington, IN 47404

For Lease
$12.98/SF/YR

Iconic Downtown Bar/Restaurant, 8,273 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 8,273-square-foot single-tenant retail property boasts a prime location in Bloomington's vibrant downtown core, just blocks from the Courthouse Square and Indiana University's campus (48,000 students enrolled in 2024). The building, situated on Walnut Street, features abundant natural light and a wide-open floor plan thanks to its wall-to-wall radius steel truss roof structure with minimal interior columns. A complete renovation in 2017 included a new 30-year rubber roof, updated exterior (doors and windows), five new rooftop HVAC units, new interior ductwork, updated bathrooms, and replacement of all electrical, plumbing, and fire suppression systems. Additional improvements encompass a full kitchen, multiple walk-in coolers, an overhead garage door, and a laundry room. A private office with a full bath and ample storage areas are also included. This historically significant building, last sold in 1986, has hosted legendary musical acts and numerous private events. Its flexible layout offers endless possibilities for various uses, including restaurants, bars, breweries, distilleries, dance clubs, recreation centers, gaming venues, retail spaces, or even offices. Seller financing is available at a below-market interest rate of 5.5%. Blueprints are accessible through a local architectural firm. This is a truly unique opportunity to acquire a piece of Bloomington's history and create a thriving business.

Highlights

  • 8,273 SF single-tenant retail building.
  • Located in Bloomington's downtown core, blocks from the Courthouse Square and Indiana University.
  • Seller financing available at below-market interest rate (5.5%).
  • Recently renovated (2017) with new roof, HVAC, exterior, and interior systems. Features include a full kitchen, walk-in coolers, and an overhead garage door.
  • Mix-use zoning allows for various uses including restaurant, bar, brewery, or office space.

Property Details for 419 Walnut St

Property type
Other retail properties, Restaurants
RSF (Rentable sq. ft)
8,273 SF
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
8,273 SF
Rate per SF
$12.98

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.17007914308
Longitude
-86.533577000351
419 Walnut St, Bloomington, Indiana

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419 Walnut St
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