About This Restaurant
Investment Highlights
Executive Summary
Opportunity to acquire the historic Princess Theatre, located at 206 N Walnut Street in the heart of downtown Bloomington. Just steps from Indiana University, this iconic property is rich in history and has been a beloved fixture in the community, previously home to several Bloomington restaurant and bars. This offering 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.? Multifamily Apartments: 3 fully occupied apartments on the upper level that currently generate $5,500/month in rental income.? FFE & ATC Permit: Furniture, Fixtures, & Equipment (FF&E) from previous restaurant operation and Airbnb unit as well as a 3-way ATC permit available with Princess Theatre.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bar General Retail Storefront Retail/Residential Restaurant
- Building Size 7,133
- Year Built/Renovated 1892/2017
- Price 1,500,000
- Price Per SF 210
- Percent Leased 29
- Building Height 3 Stories
- Building FAR 2.34
- Land Acres 0.07 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Nearby Amenities & Transportation
Retail | Chase Bank | ||
Retail | Regions Bank | ||
Retail | Noodles & Company | ||
Retail | Five Guys | ||
Retail | 9round Fitness | ||
Retail | Old National Bank | ||
Retail | Starbucks | ||
Retail | Everbowl | ||
Retail | Kroger | ||
Retail | Jazzercise |
Property Taxes
Parcel Number | 53-05-33-310-095.000-005 | Improvements Assessment | $130,700 |
Land Assessment | $982,700 | Total Assessment | $1,113,400 |
Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
Address: | 206 N Walnut St , Bloomington, Indiana, 47404 |