For Sale
$1,450,000

403 Walnut StBloomington, IN 47404

Turnkey Restaurant, Event Venue, Historic Charm

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional downtown Bloomington property presents a rare opportunity to acquire a thriving, turnkey restaurant and event space. Located at 403 N. Walnut St., this meticulously maintained establishment boasts 4,746 square feet of net rentable space within two buildings, spanning two stories. Built in 1870 and extensively renovated in 2013, the property seamlessly blends historic authenticity with modern functionality. The sale includes all restaurant equipment and a vast inventory of personal property, encompassing tables, chairs, plates, and more. The property sits on a 0.33-acre lot and is zoned MD-DC, allowing for versatile usage. The building features a significant patio area, adding approximately 1,890 square feet of outdoor space. This owner-user investment opportunity is priced at $1,450,000, with a price per square foot of $305.52. A separate three-way liquor license is available for an additional $285,000. The property is currently occupied, with an occupancy date of June 30, 2024. A comprehensive offering package is available upon request, providing detailed information on this unique and highly desirable commercial property. This is a chance to own a piece of Bloomington's vibrant downtown scene, combining a successful business with a rich historical legacy.

Highlights

  • 1,890 SF Patio Area
  • 0.33-Acre Lot
  • 200-Person Occupancy Capacity
  • 1980s Construction, Renovated 2012 with Kitchen Addition
  • Mixed-Use Downtown Zoning

Property Details for 403 Walnut St

Property type
Retail properties, Restaurants
Square Feet
4,746 SF
Class
B
Year Built/Renovated
1870/2013
Buildings
2
Stories
2
Lot Size (sq. ft)
14,375 SF
Units
1

Location Insight

City
Bloomington
County
Monroe
State
Indiana
Latitude
39.169539393233
Longitude
-86.533582009248
403 Walnut St, Bloomington, Indiana

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, Event Venue, Historic Charm
Where is the retail property located?
The property is located at 403 Walnut St Bloomington, IN.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1,890 SF Patio Area; 0.33-Acre Lot; 200-Person Occupancy Capacity
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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403 Walnut St
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