6 Acres on SR 48 - Development Opportunity

5991 W State Rd 48, Bloomington, Indiana 47404

  • Property Subtypes Residential (Single Family , Retail , Office , Other
  • Sale Price $499,000.00 - Total
  • Class of Space N/A
  • Total Land Size 6.2 Acres
  • Sale Terms Cash to SellerPurchase Money Mortgage
  • Cap Rate Undisclosed
  • Last Updated 7/31/2020
  • Days on Market 55 Days
  • Status active

Overview / Comments

6 acres on SR 48 ready for development - 5 parcels being sold as one right by Cook Medical, Ivy Tech and Monroe County Airport. 2 parcels have small homes that are currently rentals and 3 parcels are vacant - unplatted. Currently zoned as RE1 but has potential for zoning change with county going through UDO process.

Agent Notes

There are two older houses on the property that can be taken down and city sewer hookups are available on the property.

Additional Details

  • Tax ID/APN 530902200177000015
  • Zoning RE1
  • Property Visibility Excellent
  • Zoning Description RE1 - Residential

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