The Herald Times Building 1900 South Walnut Street
Bloomington, IN 47401
For Sale
61,000 sqft
Sale Price
$3,650,000
Brochure
Map
Industrial For Sale - Available September 2026
60,000+ SF Industrial Building For Sale/Redevelopment Site | The Herald Times Building | Bloomington, IN
Get in touch
Kevin Broderick
KB
Kyle Powell
Anne Rahm
AR
CBRE is pleased to present the rare opportunity to acquire the former Herald-Times Building in Bloomington, Indiana ("Property"). Built in 1961, this once marquee building is a versatile commercial asset located along one of Bloomington's primary transit corridors. Positioned on approximately eight acres of prime land (with six acres highly usable), the property features a 61,000-square-foot, three-story building that has served as a bedrock of local community history for over six decades.
The property is being offered for disposition on behalf of Monroe County Community School Corporation (MCCSC). Due to its substantial footprint, expansive parking, and strategic zoning, the site is well positioned for a wide range of adaptive reuse strategies, including commercial or medical redevelopment, institutional expansion or community hub space, STEM, innovation, or specialized training facilities, and high-density residential or mixed-use development (subject to local rezoning).
The property is being offered for disposition on behalf of Monroe County Community School Corporation (MCCSC). Due to its substantial footprint, expansive parking, and strategic zoning, the site is well positioned for a wide range of adaptive reuse strategies, including commercial or medical redevelopment, institutional expansion or community hub space, STEM, innovation, or specialized training facilities, and high-density residential or mixed-use development (subject to local rezoning).
Strategic Location: Located within a stable, university-anchored market with consistent demand drivers that support long-term investment and leasing fundamentals
Expansive Transit Frontage: Unrivaled exposure on South Walnut Street, capturing significant local drive-by volume. Strong visibility and access with proximity to downtown and Indiana University, supporting interest from a range of commercial, institutional, and residential users
Adaptive Reuse Potential: Opportunity for developers to reposition the asset into higher-value uses such as mixed-use, multifamily, or flex/industrial
Robust Infrastructure: Built originally with industrial-grade standards to house heavy print infrastructure, offering high load capacities, expansive structural clear spans, and immediate functional utility
Excellent In-Place Parking Ratio: Over 170 parking stalls accommodate dense medical, office, institutional, or educational user traffic
Expansive Transit Frontage: Unrivaled exposure on South Walnut Street, capturing significant local drive-by volume. Strong visibility and access with proximity to downtown and Indiana University, supporting interest from a range of commercial, institutional, and residential users
Adaptive Reuse Potential: Opportunity for developers to reposition the asset into higher-value uses such as mixed-use, multifamily, or flex/industrial
Robust Infrastructure: Built originally with industrial-grade standards to house heavy print infrastructure, offering high load capacities, expansive structural clear spans, and immediate functional utility
Excellent In-Place Parking Ratio: Over 170 parking stalls accommodate dense medical, office, institutional, or educational user traffic
Total Space Available
61,000 sqft
Sale Price
$3,650,000
Get in touch
Kevin Broderick
KB
Kyle Powell
Anne Rahm
AR