930-203-1171
229 W 1st St, Bloomington, IN for Rent

Retail - For Rent
1/36
10,000 SF | 1 Space

229 W 1st St
Bloomington, IN 47403


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.

OVERVIEW

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.

RENTAL DETAILS

SPACE AVAILABLE

10,000 SF

# OF SPACES

1

RENT RATE (MO)

Request Info for Rent

RENT RATE (YR)

Request Info for Rent

LEASE TYPE

Negotiable

LEASE LENGTH

Negotiable

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

10,000 SF

YEAR BUILT

1922

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.17663 AC

LAND SF

51,254 SF

ZONING

Commercial

ASK ABOUT THIS PROPERTY

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930-203-1171

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930-203-1171

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