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419 N Walnut
8,273 SF of Retail Space Available in Bloomington, IN 47404
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,273 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
GOLDEN OPPORTUNTIY TO PURCHASE OR LEASE WITH OPTION TO BUY- AN ICONIC DOWNTOWN BLOOMINGTON PROPERTY! Located just a few blocks from the Courthouse Square and a short walk to the campus of Indiana University (48,000 record student enrollment in 2024.) SELLER FINANCING BEING OFFERED AT BELOW MARKET- 5.5% INTEREST RATE! Contact Broker for details. With +/- 8250 square feet, this BUILDING has historically 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. This Property was last sold in 1986. BUILDING went through a Total Renovation in 2017 that included: New 30-year rubber roof, updated exterior including doors and windows, replacement of all 5 rooftop HVAC units and interior duct work plus new bathrooms. Private office with full bath and multiple storage areas. All electrical, plumbing and fire suppression systems were also replaced. Additional improvements include a full kitchen, several walk-in coolers, and an overhead garage door. Even has a laundry room. In prior years as a Nightclub, legendary artists including Mellencamp, Stevie Ray Vaughan, REM, and Bo Diddley plus many national and local acts have entertained at this venue. Additionally, it has enjoyed being a popular hangout for IU Basketball and other televised sporting events. With its spacious accommodations, it has hosted many private bookings, parties, and social events. The possibilities are endless… Restaurant, Bar, Brewery, Distillery, Dance Club, Rec Center, Gaming, Retail, or even Offices. Lots of space to make your entrepreneurial dreams come true! Blueprints are available through local architectural firm.
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 419 N Walnut , Bloomington, IN 47404
| Property Type | Retail | Gross Leasable Area | 8,800 SF |
| Property Subtype | Storefront | Year Built | 1980 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,800 SF |
| Year Built | 1980 |
About the Property
This Property is located just a few blocks from the Bloomington Courthouse Square and is walking distance to the campus of Indiana University. Prime downtown location that last sold in 1986. With over 8000 square feet, this Building has always played a prominent role in the evolution of Bloomington’s vibrant Downtown District and was recently the home of a brewing company. The building went through a total renovation in 2017 that included: a new rubber roof, new exterior including doors and windows, replacement of all HVAC units and duct work, new bathrooms along with a private office with full bath and multiple storage areas. All electrical, plumbing and fire suppression systems were also replaced. Additional improvements include a full kitchen, several walk-in coolers, and an overhead garage door. Even has a laundry room. Lots of natural daylight flows throughout. Wall to wall radius steel truss roof structure with minimal interior columns offers a wide expanse of remodel configurations and possibilities. In years past as a music nightclub, legendary artists including John Mellencamp, Stevie Ray Vaughan, and Bo Diddley along with national and local acts performed at this venue. Additionally, it has always enjoyed being a hub for all IU basketball and other televised sporting events along with being a favorite location for private bookings and social event. The possibilities are endless for this property. This property could be a Recreation/Community Center, Fitness Center, Retail. Lots of space to make your entrepreneurial dreams come true!
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419 N Walnut
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