Listing courtesy of FC Tucker/Bloomington REALTORS · Listing agent: Chris Cockerham · chris@cockerham.us

Active

535 S Walnut Street

$43,380

Bloomington, IN 47401

Original price $25

Bathrooms: 2
Lot: 0.3 ac
Year built: 1988
Type: Commercial Lease
Listed: January 14, 2026
MLS #: 202601418

About this home

Located at 535 S. Walnut St., this former Arby’s offers ±2,169 square feet of freestanding retail space available for lease at $25.00/SF NNN. The property includes an existing drive-thru window and a dedicated on-site parking lot, making it well-suited for quick-service restaurants, coffee users, and other high-traffic retail concepts. Positioned along a visible and accessible corridor, the site benefits from strong frontage and convenient ingress/egress. The existing building configuration allows for efficient reuse, providing a cost-effective opportunity for operators seeking a drive-thru-capable location. This property presents an excellent opportunity for QSR, fast-casual dining, beverage concepts, or other service-oriented retail users looking to establish a presence in a proven commercial location.

Property details

Interior

Stories: 1
Finished area above grade: 2,169 sq ft
Basement: Slab
Flooring: Ceramic Tile, Tile
Heating: Electric, Natural Gas, Conventional
Cooling: Central Air

Exterior & parking

Construction: Concrete, Masonry
Roof: Rubber
Parking: Public Parking
New construction: No

Waterfront & lake

Waterfront: No

Lot

Lot size (acres): 0.3 ac
Lot dimensions: 13068
Location type: City
County: Monroe County
Township: Perry
Road frontage: City Street
Platted: Yes
Planned unit development: No
Directions: GPS Friendly! Head South on College from the Square. Turn left on W. 1st St. then turn left on to S Walnut St. Property will be on the right

Taxes & terms

Annual taxes: $13,151
Tax year: 2024
Tax exemptions: No Exemptions
Tax abatement: No
Listing terms: Lease
Possession: At the Lease Siging
Parcel number: 53-08-04-214-003.000-009

Utilities

Water: City
Sewer: Public Sewer

Income & commercial

Lease term: Negotiable
Tenant pays: All Utilities, Property Taxes, Insurance, Grounds Care, Maintenance Structure, Common Area Maintenance
Water meters: 1
Ceiling height: 9

Location

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