Downtown Restaurant/Bar

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30738225
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 5,000 SF
Gross Land Area: 0.33 SF
Sale Price: $1,795,000
Unit Price: $359 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2021

Overview / Comments

Located in downtown Bloomington, just north of the square, this beautiful two-story brick building has been turned into a unique restaurant and bar experience. Main level includes multiple rooms for dining, gorgeous bar, and large, well maintained kitchen. Upper level includes multiple rooms perfect for small parties and gatherings. Location also includes a large, outdoor patio for additional seating. +/- 5,000 SF, this location would be perfect for a business looking to attract the downtown dining lifestyle. Available for sale or lease.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 530533300052000005
Retail Clientele: General, Family, Business, Traveler, Recreation, Convention, Other
Property Located Between: W. 8th St. & W. 9th St.
Property Visibility: Excellent
Largest Nearby Street: N. Walnut St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Property Condition: Good
Year Built: 1920
Year Renovated: 2012
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Street, metered, & garage parking.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Mixed-Use Downtown
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 013-45720-00 OUTLOT PT 35

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,064 85,237 113,212
Median Age: 23.14 28.37 30.79
Households: 10,112 33,436 44,796


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