229 W 1st St 10,000 SF Retail Building Bloomington, IN 47403 $2,931,432 CAD ($293.14 CAD/SF)

The Monroe Oil site in Bloomington, Indiana, is a unique and exciting opportunity to repurpose a historic industrial property for a new, vibrant purpose. Originally built in 1922 as a bulk petroleum terminal for Standard Oil of Indiana, this over 10,000-square-foot property retains significant historic charm and offers great potential for a variety of uses. This property has a remarkable layout for a music venue with a main level for larger shows, an area for a speakeasy style room, a rooftop area, and an outdoor space for a beer garden or amphitheater.

The property is located directly on the B-Line Trail, just two blocks south of downtown Bloomington, the Monroe County Convention Center, and three blocks north of Switchyard Park. It is also positioned near a major urban redevelopment zone—the Bloomington Hospital / Hopewell Neighborhood Redevelopment Project—making it an ideal location for a new business venture.

The property sits on over one acre of land with Downtown Commercial Zoning, that provides flexibility for development. With a well-defined environmental condition (backed by a No Further Action Letter from the Indiana Department of Environmental Management), it is ready for immediate construction. Planned structural improvements include accommodations for rooftop seating and an interior staircase, making the space perfect for a brew pub, taproom, bar restaurant or similar venue. The site also benefits from an outstanding solar footprint, with full south exposure ideal for solar power generation.

Additionally, there are approximately 34 on-site parking spaces available, and all utilities, including 3-phase electric, are in place to support the development. The location offers exceptional visibility and access, on a major urban bicycle/walking corridor and greenway directly adjacent to one of the largest urban redevelopment projects in Bloomington’s history.

The Monroe Oil property is conceptually approved for a brew pub, which would be a natural fit given the area’s growing arts and restaurant district. Bloomington, home to Indiana University, is a vibrant city with a rich cultural and athletic scene. The site is centrally located, making it walkable to downtown, Switchyard Park, and large existing neighborhoods. It is also well-connected by the B-Line Trail, a popular route for pedestrians, cyclists, and visitors. With the influx of activity from the nearby redevelopment projects, the area is primed for an exciting new venture that can draw both locals and tourists.

Bloomington is undergoing a period of rapid growth, particularly in its arts and dining sectors. The Monroe Oil property, with its rich industrial history, expansive space, and on-site parking is in a prime location to take advantage of this growth. The area’s proximity to Indiana University and the large athletic and cultural activities around the city ensures a steady stream of potential patrons. Moreover, the ongoing development projects in the area, including the Bloomington Hospital Redevelopment Project, the Bloomington Tech Park, and medical manufacturing facilities promise to bring even more foot and bicycle traffic and investment to the neighborhood.

The property is available for conventional sale, unsubordinated land lease, or build-to-suit options. With the property already prepared with utilities and environmental clearances, it’s ready for immediate development. Whether you’re looking to create a brew pub, taproom, or restaurant, this property offers a solid foundation for success in one of the city’s most promising areas. Bloomington’s vibrant, growing community is a perfect backdrop for a new, unforgettable venue.

With its historic industrial charm, excellent location, and growing demand for new dining and entertainment spaces, Monroe Oil is an ideal property for someone looking to establish a brew pub or similar venue. The site is surrounded by development, cultural activity, and recreational opportunities, ensuring it will be a popular destination for both residents and visitors alike.