419 Walnut StBloomington, IN 47404

For Sale
$1,950,000

Iconic Downtown, 8,273 SF, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
91
This 8,273-square-foot vacant restaurant building in downtown Bloomington, Indiana, presents a unique investment opportunity. Located on Walnut Street, just blocks from the Courthouse Square and Indiana University, this property boasts prime frontage and abundant natural light. A complete renovation in 2017 included a new roof, updated exterior, HVAC systems, bathrooms, electrical, plumbing, and fire suppression. Interior features include a full kitchen, multiple walk-in coolers, an overhead garage door, and a laundry room. The building's open floor plan, thanks to a radius steel truss roof structure, offers versatile configuration possibilities for various uses, including restaurant, bar, brewery, distillery, entertainment venue, retail, or office space. The property sits on a mix-use, medium-scale zoned lot and was last sold in 1986. Seller financing is available at a below-market interest rate of 5.5%. Blueprints are accessible through a local architectural firm. A lease with purchase option is also available. This iconic building, with its rich history hosting legendary musicians and sporting events, offers an exceptional chance to establish a thriving business in a vibrant downtown location.

Highlights

  • $1,950,000 asking price for an 8,273 square foot vacant restaurant building.
  • Located at 419 N Walnut St, Bloomington, IN 47404, a few blocks from the Courthouse Square and near Indiana University.
  • Features a 2017 renovation including a new roof, updated exterior, HVAC systems, bathrooms, electrical, plumbing, and fire suppression systems.
  • Mix-use zoning allows for various uses including restaurant, bar, brewery, distillery, entertainment, retail, or office space.
  • Seller financing available at 5.5% interest.

Property Details for 419 Walnut St

Property type
Other retail properties, Restaurants
Square Feet
8,273 SF
Year Renovated
2017
Buildings
1

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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