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.
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
| MLS # | 202601418 |
|---|---|
| Date Listed | 2026-01-14 |
| Status | Active |
| Property Type | Commercial For Lease |
| Property SubType | Restaurant/Bar |
| New Construction | No |
| Type | Restaurant/Bar |
| Annual Taxes | $13,151.00 |
| Year Taxes Payable | 2024 Pay 2025 |
| Year Built | 1988 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 264 |
| Homestead Year | No |
| Den | 1 × 2169 | Level |
| 3rd Bedroom | 2 × 1 | Level |
| Construction | Restaurant/Bar |
|---|---|
| Lot Size | 13,068 sq ft |
| Acreage | 0.30 Acres |
| Lot Dimensions | 13068 |
| Fence | None |
| Area | Monroe County |
|---|---|
| County | Monroe |
| Subdivision | None |
| Township | Perry |
| City | Bloomington |
| State | IN |
| Zip | 47401 |
| Assoc. Dues | $0.00 |
|---|
MLS# 202601418
Listing Provided Courtesy of Chris Cockerham
FC Tucker/Bloomington REALTORS
chris@cockerham.us
Listing updated January 14, 2026 at 1:34 pm
Last checked 4 minutes ago
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