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229 W 1st St
Bloomington, IN 47403

Rate Upon Request

Restaurant For Lease • 10,000 SF

Property Details

Property Type Restaurant
Year Built 1922
Total Building Size 10,000 SF
Tenancy Single
Building Class C
Zoning Commercial

36 Transit Score

85 Walk Score

1 Space Available

Name

Space Use

Size

Rent

Details

1st Floor Ste

Retail

10,000 SF

Rate Upon Request

The Monroe Oil property is conceptually approved for a brew pub, which would be a natural fit given the area’s growing arts and restaurant district. Bloomington, home to Indiana University, is a vibrant city with a rich cultural and athletic scene. The site is centrally located, making it walkable to downtown, Switchyard Park, and large existing neighborhoods. Bloomington is undergoing a period of rapid growth, particularly in its arts and dining sectors. The Monroe Oil property, with its rich industrial history and expansive space, is in a prime location to take advantage of this growth. 
The property is available for conventional sale, un-subordinated land lease, or build-to-suit options. With the property already prepared with utilities and environmental clearances, it’s ready for immediate development. Bloomington’s vibrant, growing community is a perfect backdrop for a new, unforgettable venue. Whether you’re looking to create a brew pub, taproom, restaurant, or event venue this property offers a solid foundation for success in one of the city’s most promising areas.

Date available: 90 Days
Lease term: Negotiable
Service type: Negotiable
Space Type: Relet

Description

The Monroe Oil site in Bloomington, Indiana, is a unique and exciting opportunity to repurpose a historic industrial property for a new, vibrant purpose. Originally built in 1922 as a bulk petroleum terminal for Standard Oil of Indiana, this over 10,000-square-foot property retains significant historic charm and offers great potential for a variety of uses.

The property is located directly on the B-Line Trail, just two blocks south of downtown Bloomington and three blocks north of Switchyard Park. It is also positioned near a major urban redevelopment zone—the Bloomington Hospital Redevelopment Project—making it an ideal location for a new business venture.

The property sits on over one acre of land with Downtown Commercial Zoning, which provides flexibility for development. With a well-defined environmental condition (backed by a No Further Action Letter from the Indiana Department of Environmental Management), it is ready for immediate construction. Planned structural improvements include accommodations for rooftop seating and an interior staircase, making the space perfect for a brew pub or similar venue. The site also benefits from an outstanding solar footprint, with full south exposure ideal for solar power generation.

Additionally, there are approximately 30 on-site parking spaces available, and all utilities, including 3-phase electric, are in place to support the development. The location offers exceptional visibility and access, sitting along a major corridor and greenway directly adjacent to one of the largest urban redevelopment projects in Bloomington’s history.

                
                    Highlights
                
                                Fantastic Location directly on the B-Line in Bloomington CBD, Near Switchyard Park, Indiana University and Lake Monroe. 
                            
                                Built in 1922 as a bulk petroleum terminal for Standard Oil of Indiana, this industrial building retains significant historic charm.
                            
                                Conceptually approved for a brew pub, which aligns with the growing arts and restaurant district in Bloomington.
                            
                                No Further Action Letter from the Indiana Department of Environmental Management, ensuring the property is in good environmental standing and ready fo
                            
                                Historic industrial charm meets modern potential—ideal for creating an immersive experience for patrons.
                            
                                The City of Bloomington's First Street Project is in our front yard and nearing completion.