Princess Theatre
7,133 SF | 29% Leased | Retail Building | Bloomington, IN 47404 | $1,800,000 ($252/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,800,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 7,133 SF
- Price / Square Foot
- $252
Listing Contacts
Dave Harstad
Verified Profile
Bryce Wetzel
Verified Profile
- Property Info
Property Overview
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.
• 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
- Year Built/Renovated
- 1892/2017
- Stories
- 3
- Property Subtype
- Other Restaurants, Storefront Retail/Residential
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