204 N Walnut Street Bloomington, IN 47404

1 / 13

View all 13 Photos

Map

Virtual Tour

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.