204 Walnut, Bloomington, IN 47404
Overview
| MLS ID: | #202421863 |
|---|---|
| Price: | $ 1,200,000 |
| Sq Ft: | 7,440 |
| Office SqFt: | 7,440 |
| Lot Size: | 0.06 Acres |
| Year Built: | 1892 |
| Zoning: | |
| Taxes: | $ 23,621 |
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 manager’s 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.
MLS ID: 202421863
Details
| Planned Unit Dev | No |
|---|---|
| Auction | No |
| New Construction | No |
| Number of Buildings | 1 |
| Building 1 | |
| Bldg 1 Above Ground SF | 7,440 |
| Bldg 1 Below Ground SF | 0 |
| Bldg 1 Stories | 4 |
| Bldg 1 Finished Office SF | 5,047 |
| Lot Dimensions | 40x60 |
| Approx Lot Size SqFt | 2,657 |
| Approx Lot Size Acres | 0 |
| Ceiling Height | 18 |
|---|---|
| Road Access | City |
| Parking | No |
| Parking | None |
| Total Restrooms | 6 |
| Interior Height | 18 |
| Ingress/Egress | Asphalt |
| Water Front | No |
|---|
| Currently Leased | No |
|---|---|
| Lease Term Remaining | Lease is negotiable |
| Sprinkler System | No |
|---|---|
| Signs | No |
| Fire Doors | Yes |
| Enterprise Zone | Yes |
| Sale Includes: | Building, Furniture, Land, Inventory |
| Heating/Fuel | Forced Air |
| Cooling | Central Air |
| Exterior | Block, Brick, Other |
| Roof Material | Rubber |
| Interior Walls | Drywall |
| Flooring | Mixed |
| Water Utility | City |
|---|---|
| Sewer | City |
| Special Features | Freight Elevator |
| Annual Taxes | $23,621.00 |
|---|---|
| Gross Monthly Rent | $1.00 |
Map
Listing Office: Colliers International
Listing Agent: Dave Harstad
Disclaimer:
Mortgage
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