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Investment Highlights

  • Prime Downtown Bloomington location near Indiana University Campus and the Courthouse Square
  • PRICED at $1,560,000; Seller Financing may be possible at 3.99% interest rate! (Contact Agent for Details.)
  • Open-span, spacious interior with flexible build out options
  • A long standing Indiana University student destination(48,000 students)- Home of the 2026 National Champions Indiana Hoosiers Football Team!
  • Fully renovated from top to bottom with modern systems and finishes
  • Zoned MD-DC for Bar/nightlife, retail, restaurant, office, catering, or whatever your vision!

Executive Summary

PURCHASE PRICE: $1,560,000. (Around $188 Sq. Ft.) LEASE OPTION ALSO AVAILABLE- $7995 per month-NNN; ($11.60 per Sq. Ft.-Triple Net Lease)
RARE OPPORTUNITY TO PURCHASE OR LEASE- PRIME DOWNTOWN BLOOMINGTON PROPERTY! Fantastic Large Space. Located walking distance from the COURTHOUSE SQUARE the campus of INDIANA UNIVERSITY (48,000 record student enrollment in 2025.) Surrounded by a bustling student and local housing market. The excitement is building for the IU Football Season this Fall as the Hoosiers are now a top tier Program after winning the National Championship! The IU Basketball Program is also set to create a buzz after a great recruiting off season.
SELLER FINANCING POSSIBLE AT- 3.99% INTEREST RATE FOR QUALIFIED BUYERS (Contact Agent for Details.)
A Liquor License may possibly be purchased for substantially below market value under certain conditions if you qualify and move quickly. The State of Indiana recently passed legislation making this possible specifically for Bloomington, IN. Contact Agent for details.
With +/- 8300 square feet, this BUILDING has played a prominent role in the evolution of Bloomington’s vibrant Downtown District. Prime Walnut Street frontage features lots of natural daylight flowing throughout. Wall to wall radius steel truss roof structure with minimal interior columns offers a wide expanse of remodel configurations and possibilities.
Municipal 5-Level Parking Garage one block south of Property.
BUILDING has gone through a Total Renovation that included: New 30-year rubber roof, replacement of all 5 rooftop HVAC units along with all interior duct work plus 3 new bathrooms. Private office with full bath (including shower unit) and plenty of storage areas. All electrical (1200 amp of service panels) and plumbing systems were also replaced. Additional improvements include a full kitchen with range hood and grease interceptor system, fire suppression sprinkler system, several walk-in coolers, and an overhead garage door. Updated exterior including doors and windows. Even has a laundry room. A TURN-KEY opportunity in many ways.
Zoned Mixed-Use Downtown Core (MD-DC). The space is ideal for a variety of uses, including a Restaurant/Bar, Community/Rec Center, Nightclub, Distillery or Brewery, Catering Facility, Retail Space, Offices, etc. With its high-traffic location and downtown surroundings, this property presents a prime opportunity for investors or business owners looking to establish a presence in one of Bloomington’s most sought-after areas. Lots of space to make your entrepreneurial dreams come true! Occupancy rating shall be determined based on build-out/use. Blueprints are available through a local architectural firm. Contact Agent for details.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
8,273 SF
Building Class
C
Year Built/Renovated
1980/2017
Price
$2,133,581 CAD
Price Per SF
$257.90 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
MD-DC - Mix use Downtown Core
Frontage
105’ on N WALNUT ST

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 8,273 SF
  • Retail
  • Outparcel
  • Now

Rare opportunity to lease prime downtown Bloomington property - longtime favorite Indiana University Sports Bar/Nightclub- just minutes from campus, surrounded by a bustling student and local housing market. Fantastic large space! Restaurant/Bar, Community/Rec Center, Nightclub, Distillery or Brewery, Catering Facility, Retail Space, Offices, etc. With its high-traffic location and downtown surroundings, this property presents a prime opportunity for investors or business owners. BUILDING FOR SALE OR LEASE! List Price: $1,560,000; Lease: $7995 per month, NNN RARE OPPORTUNITY TO PURCHASE OR LEASE- PRIME DOWNTOWN BLOOMINGTON PROPERTY! Fantastic Large Space! Located just 2 BLOCKS from the COURTHOUSE SQUARE and minutes to the campus of INDIANA UNIVERSITY (48,000 record student enrollment in 2025.) Surrounded by a bustling student and local housing market... walking distance! SELLER FINANCING BEING OFFERED AT BELOW MARKET- 3.99% INTEREST RATE FOR QUALIFIED BUYERS. With +/- 8300 square feet, this BUILDING has played a prominent role in the evolution of Bloomington’s vibrant Downtown District. Prime Walnut Street frontage features lots of natural daylight flowing throughout. Wall to wall radius steel truss roof structure with minimal interior columns offers a wide expanse of remodel configurations and possibilities. Municipal 5-Level Parking Garage one block south of Property. IN 2017, BUILDING went through a Total Renovation that included: New 30-year rubber roof, replacement of all 5 rooftop HVAC units along with all interior ductwork plus 3 new bathrooms. Private office with full bath (including shower unit) and plenty of storage areas. All electrical (1200 amp of service panels) and plumbing systems were also replaced. Additional improvements include a full kitchen with range hood and grease interceptor system, fire suppression sprinkler system, several walk-in coolers, and an overhead garage door. Updated exterior including doors and windows. Even has a laundry room. A turn-key opportunity in many ways. Zoned Mixed-Use Downtown Core (MD-DC). The space is ideal for a variety of uses, including but not limited to a Restaurant/Bar, Community/Rec Center, Catering Facility, Retail Space, Offices, or whatever your vision! With its high-traffic location and downtown surroundings, this property presents a prime opportunity for investors or business owners looking to establish a presence in one of Bloomington’s most sought-after areas. Lots of space to make your entrepreneurial dreams come true! Occupancy rating shall be determined based on build-out/use. Blueprints are available through a local architectural firm. Contact Seller for details.

Space Size Space Use Position Available
1st Floor 8,273 SF Retail Outparcel Now

1st Floor

Size
8,273 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 8,273 SF
Space Use Retail
Position Outparcel
Available Now

Rare opportunity to lease prime downtown Bloomington property - longtime favorite Indiana University Sports Bar/Nightclub- just minutes from campus, surrounded by a bustling student and local housing market. Fantastic large space! Restaurant/Bar, Community/Rec Center, Nightclub, Distillery or Brewery, Catering Facility, Retail Space, Offices, etc. With its high-traffic location and downtown surroundings, this property presents a prime opportunity for investors or business owners. BUILDING FOR SALE OR LEASE! List Price: $1,560,000; Lease: $7995 per month, NNN RARE OPPORTUNITY TO PURCHASE OR LEASE- PRIME DOWNTOWN BLOOMINGTON PROPERTY! Fantastic Large Space! Located just 2 BLOCKS from the COURTHOUSE SQUARE and minutes to the campus of INDIANA UNIVERSITY (48,000 record student enrollment in 2025.) Surrounded by a bustling student and local housing market... walking distance! SELLER FINANCING BEING OFFERED AT BELOW MARKET- 3.99% INTEREST RATE FOR QUALIFIED BUYERS. With +/- 8300 square feet, this BUILDING has played a prominent role in the evolution of Bloomington’s vibrant Downtown District. Prime Walnut Street frontage features lots of natural daylight flowing throughout. Wall to wall radius steel truss roof structure with minimal interior columns offers a wide expanse of remodel configurations and possibilities. Municipal 5-Level Parking Garage one block south of Property. IN 2017, BUILDING went through a Total Renovation that included: New 30-year rubber roof, replacement of all 5 rooftop HVAC units along with all interior ductwork plus 3 new bathrooms. Private office with full bath (including shower unit) and plenty of storage areas. All electrical (1200 amp of service panels) and plumbing systems were also replaced. Additional improvements include a full kitchen with range hood and grease interceptor system, fire suppression sprinkler system, several walk-in coolers, and an overhead garage door. Updated exterior including doors and windows. Even has a laundry room. A turn-key opportunity in many ways. Zoned Mixed-Use Downtown Core (MD-DC). The space is ideal for a variety of uses, including but not limited to a Restaurant/Bar, Community/Rec Center, Catering Facility, Retail Space, Offices, or whatever your vision! With its high-traffic location and downtown surroundings, this property presents a prime opportunity for investors or business owners looking to establish a presence in one of Bloomington’s most sought-after areas. Lots of space to make your entrepreneurial dreams come true! Occupancy rating shall be determined based on build-out/use. Blueprints are available through a local architectural firm. Contact Seller for details.

Exceptionally walkable
90/100
Fairly drivable
40/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Chase Bank
Regions Bank
Everbowl
Noodles & Company
Five Guys
Coffee Beanery
Starbucks
Jazzercise
Kroger
German American Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 53-05-33-300-045.000-005
  • 53-05-33-300-045.002-005
Land Assessment
$540,118 CAD
Improvements Assessment
$1,717,880 CAD
Total Assessment
$2,257,998 CAD
  • Listing ID: 38181798

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 419 N Walnut St, Bloomington, IN 47404

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