1410 Walnut StBloomington, IN 47404

Property Details for 1410 Walnut St

Year built

2018

Construction

WOOD

Lot size

1.22 AC

Property size (Sq ft)

75,012 SF

Property type

Hotels

Property subtype

Motels

APN

53-05-28-300-152.000-005

APU

530528300152000005

Description

This exceptional 3,726-square-foot commercial space, located within the Home2 Suites by Hilton Bloomington at 1410 N Walnut St, Bloomington, IN 47404, presents a unique investment opportunity. Situated in the highly desirable Indiana University submarket, this property boasts a prime location with over 11,000 vehicles passing daily, ensuring high visibility and foot traffic. Currently vacant, the space is adaptable to a variety of uses, including retail, restaurant, or high-end office space. The property is zoned C-1 and offers convenient outside access along N Walnut Street. The space is located on the lower level of the hotel, and the hotel will provide dedicated parking for the tenant. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 3,726 square feet. The lease is a triple net (NNN) lease, and the owner is willing to build the space to a "white box" condition. The property's proximity to downtown Bloomington and Indiana University makes it an ideal location for businesses seeking high traffic and a strong customer base. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving area. Contact us today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $10,509,946

  6.5%

  $9,701,489

  7%

  $9,008,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,174,027

  Geo Method

  $15,174,027

• Alternative Use

  Use

  Valuation

  Residential

  $10,591,207

  Hospitality

  $9,701,489

  Educational

  $8,071,525

  Medical

  $8,349,117

  Retail

  $12,555,705

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1795

Longitude

-86.5329

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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