542 Walnut StBloomington, IN 47403

Property Details for 542 Walnut St

Year built

1973

Construction

WOOD

Lot size

0.66 AC

Property size (Sq ft)

4,583 SF

Property type

Car washes

APN

53-08-04-215-009.000-009

APU

530804215009000009

Description

This exceptional 0.66-acre commercial land parcel presents a unique development opportunity in the heart of Bloomington, Indiana. Located at 542 S Walnut St, this property boasts a highly desirable Mixed Use Downtown Gateway zoning, allowing for a diverse range of commercial and multi-family projects. The lot features significant frontage on both Walnut Street and College Avenue, each measuring approximately 100 feet, providing excellent visibility and accessibility. Its strategic location places it just south of the Bloomington Square and the Post Office, ensuring high foot traffic and convenient access to downtown amenities. The property's address is 542 S Walnut St, Bloomington, IN 47403, and its parcel number is 53-08-04-215-009.000-009. This is a rare opportunity to acquire a substantial downtown lot with significant development potential. The asking price for this prime location is $1,200,000. The property's size and zoning make it ideal for a variety of projects, catering to the growing needs of Bloomington's vibrant downtown area. Don't miss this chance to secure a piece of Bloomington's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $831,041

  6.5%

  $767,115

  7%

  $712,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $994,152

  Geo Method

  $994,152

• Alternative Use

  Use

  Valuation

  Residential

  $647,090

  Hospitality

  $592,731

  Educational

  $493,145

  Medical

  $510,105

  Retail

  $767,115

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1599

Longitude

-86.5343

CBSA code

14020

CBSA name

BLOOMINGTON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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