Updated 20 Hours Ago
Location
535 S Walnut St, Bloomington, IN 47401, USA
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Property Overview
535 S Walnut St offers a central Bloomington location with convenient access to nearby amenities, dining, and services, along with strong everyday livability. It also stands out for its practical appeal and flexibility, making it a good fit for a range of needs and lifestyles while benefiting from an address in a well-connected area.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Middle school nearby
- Images Available
Great for
Social life
Amenities for 535 S Walnut St
Features
| Central Air |
Community
| Roof Type: Rubber |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 535 S Walnut St
Property Status: Active 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. Office Phone: (812) 336-7300 Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 535 S Walnut St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 miles away
- Middle school nearby
- There is a middle school 1.4 miles away
- Images Available
- There are at least 10 photos of this property
Considerations
- Distance from transit
- More than 1.9 miles from public transportation
Address details
| Zip code | 47401 |
|---|---|
| Type | House for rent |
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Rent trends in Bloomington
studio apartments at 535 S Walnut St cost about 3247% more than the average rent price for studio apartments in Bloomington.
Median rents as of Oct 3 2026.
Bloomington
| Month | Median Rent |
|---|---|
| October 2024 | $1,299 |
| November 2024 | $1,298 |
| December 2024 | $1,301 |
| January 2025 | $1,297 |
| February 2025 | $1,298 |
| March 2025 | $1,278 |
| April 2025 | $1,280 |
| May 2025 | $1,215 |
| June 2025 | $1,011 |
| July 2025 | $1,047 |
| August 2025 | $1,025 |
| September 2025 | $1,050 |
| October 2025 | $1,091 |
| November 2025 | $1,001 |
| December 2025 | $1,019 |
| January 2026 | $1,031 |
| February 2026 | $1,108 |
| March 2026 | $1,099 |
| April 2026 | $1,192 |
| May 2026 | $1,241 |
| June 2026 | $1,199 |
| July 2026 | $1,200 |
| August 2026 | $1,148 |
| September 2026 | $1,099 |
| October 2026 | $1,296 |
Affordability calculator
Can I afford to live at 535 S Walnut St?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$1,735,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $1,735,200 annually to afford this studio monthly rent price of $43,380.
For more information on rent affordability, visit our rent calculator.
Schools near 535 S Walnut St
Early Learning Center
401 east miller dr
bloomington, IN, 47401
PKPublic
Rogers Elementary School
2200 e 2nd st
bloomington, IN, 47401
K-2Public
B+
Binford Elementary School
2300 e second st
bloomington, IN, 47401
PK, K-6Public
A
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Internet available near 535 S Walnut St
Getting around Bloomington near 535 S Walnut St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 535 S Walnut St, Bloomington
Groceries
9/10
The nearest general grocery store is within a 5-minute walk, and there are also some specialist food stores nearby.
Shopping
6/10
Several fashion stores are within a short walk.
Cafes
6/10
The closest café is within a 5-minute walk, and there are some other cafés within walking distance.
Restaurants
6/10
Several restaurants are within a short walk.
Primary schools
9/10
At least one elementary school within a 5-to-10-minute walk.
High schools
4/10
The closest high school is within a 15-to-20-minute walk.
Nightlife
4/10
Some bars are within walking distance.
Explore the area around 535 S Walnut St
Kroger
528 S College Ave
Little Italy Market
421 E 3rd St
Bloomington Cooperative Services Inc
316 W 6th St
Chop Shop
1915 S Walnut St
Bloomington Costley Co
1120 N Walnut St
Gold Casters
430 S Washington St
Mainstream Boutique
215 S Walnut St
Bloomington Thrift Shop Inc
220 S Madison St
Andrew Davis Clothiers
101 W Kirkwood Ave
Mirth
101 W Kirkwood Ave
Hopscotch Coffee
235 W Dodds St
Inbloom Juicery LLC
116 E 3rd St
Coffee Beanery
228 S Grant St
Woodsman Coffee Company
116 1/2 S College Ave
Partridge & Quigley Coffee
1310 S Monon Dr
Bluetip
426 S College Ave
Back Door
207 S College Ave
The Atlas Ballroom
209 S College Ave
Serendipity Martini Bar
201 S College Ave
Feast Market & Cellar
407 W Patterson Dr
Beef Corp of America
535 S Walnut St
Murray's Cheese
528 S College Ave
Kroger Bakery
528 S College Ave
Feast Market & Cellar
407 W Patterson Dr
Blu Boy Chocolate Cafe & Cakery
112 E Kirkwood Ave
Seminary Square Park
The Waldron, Hill and Buskirk Park (Third Street Park)
Tot Lot Playground
Building Trades Park
Bryan Park
Rally's Hamburgers
550 S Walnut St
Happy Thai Restaurant
519 S Walnut St
Kroger Deli
528 S College Ave
Murray's Cheese
528 S College Ave
Peach Garden
536 S College Ave
Walnut / 1st St
South Walnut / Clear Creek
College Ave / Long Family Eye Care
South Walnut / Clear Creek
College Ave / Seminary Square Kroger
South Walnut / Clear Creek, 2 South Rogers
Walnut / 2nd
South Walnut / Clear Creek
Walnut St / Dixie St
South Walnut / Clear Creek
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