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204 N Walnut Street

Bloomington, IN 47404
  • $1,500,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 202421863
$1,500,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,440
    SQFT
Type:
Commercial-Lease
Built:
1892
County:
Area:

School Ratings & Info

Listing provided by Dave Harstad of Colliers International: .

Description

Complete offering package available on the flyers (lower right corner). Just steps from the Courthouse and Indiana University, the iconic Princess Theater is rich in history and has been a beloved fixture in the community for decades. The property is a perfect opportunity for an owner-user to purchase a fully built-out restaurant space with the added benefit of consistent income from the apartment units above. Commercial Space: 5,047 SF of commercial space, previously operated as a restaurant/bar with full commercial kitchen, private event room, bar seating, and managers office. Apartments: 3 fully occupied apartments on the upper level that currently generate $5,500/month income (which goes a long way toward covering expenses/loan payments for the building). FFE: Furniture, Fixtures, & Equipment (FF&E) from previous restaurant operation and Airbnb unit are INCLUDED in the price. A 3-way ATC permit is available for an additional cost. Disclosure: capital repairs are needed, including repairing the front facade terra cotta.



© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-07-17T00:29:02.237.

www.team-janet.com/homes/151693900
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204 N Walnut Street Bloomington, IN 47404

  • Price: $1,500,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: 202421863
0
Beds
0
Baths
0
½ Baths
0.06
Acres
7,440
SQFT
$202
$/SQFT
1892
Built
Neighborhood:
Northeast Bloomington City
County:
Monroe
Area:
Monroe
Property Description
Complete offering package available on the flyers (lower right corner). Just steps from the Courthouse and Indiana University, the iconic Princess Theater is rich in history and has been a beloved fixture in the community for decades. The property is a perfect opportunity for an owner-user to purchase a fully built-out restaurant space with the added benefit of consistent income from the apartment units above. Commercial Space: 5,047 SF of commercial space, previously operated as a restaurant/bar with full commercial kitchen, private event room, bar seating, and managers office. Apartments: 3 fully occupied apartments on the upper level that currently generate $5,500/month income (which goes a long way toward covering expenses/loan payments for the building). FFE: Furniture, Fixtures, & Equipment (FF&E) from previous restaurant operation and Airbnb unit are INCLUDED in the price. A 3-way ATC permit is available for an additional cost. Disclosure: capital repairs are needed, including repairing the front facade terra cotta.
Exterior Features

Construction Type1 Concrete and steel Exterior BlockBrickOther Fire Doors YN Yes Lot Dimensions 40x60 Parking None Parking YN No Road Access City Roof Material Rubber Security Light YN Yes Signs YN No Waterfront YN No

Interior Features

Basement Foundation Slab Basement YN No Bldg1 Above Grd Sq Ft 7440 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 5047 Ceiling Height 18 Column Spacing None Cooling Central Air Flooring Mixed Heating Fuel Forced Air Interior Height 18 Interior Walls Drywall Internal Rooms KitchenOfficeStorage Special Features Freight Elevator Total Restrooms 6

Property Features

Annual Taxes 23621 Auction YN No Buildings 1 Burglar Alarm YN Yes Currently Leased YN No Documents Available Survey Enterprise Zone Yes Equipment YN Yes Fire Protection City For Sale Or Rent For Sale Gross Monthly Expenses 1 Gross Monthly Rent 1 Ingress Egress Asphalt Inside City Limits Yes Lease Available YN Yes Lease Term Remaining Lease is negotiable New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Restaurant/Bar Reo YN No Sale Includes BuildingFurnitureLandInventory Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Bloomington Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2024

Listing provided by Dave Harstad of Colliers International: .

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-07-17T00:29:02.237.

 
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Janet English | Keller Williams
3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Dave Harstad of Colliers International: .