Eastside Bloomington Development Site

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30859340
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 2.14 Acres
Sale Price: $850,000
Unit Price: $397,196 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2023

Overview / Comments

Eastside Bloomington development site mixed-use medium density zoning. According to owner's plans, this site could allow a total of 88 bedrooms (72 one bedrooms + 8 two bedrooms); at lease 20,000 SF of professional office/retail or some combination of both commercial and multifamily. All utilities are at the site.

Financials

Finance Data Year 2015
Assessed Value - Total($) $230,200 (Annual)
Real Estate Taxes - Annual($) $4,759 (Annual)
Finance Data Year 2013
Assessed Value - Total($) $230,200 (Annual)
Real Estate Taxes - Annual($) $4,779 (Annual)
Finance Data Year 2011
Assessed Value - Total($) $230,200 (Annual)
Real Estate Taxes - Annual($) $4,464 (Annual)
Finance Data Year 2010
Assessed Value - Total($) $230,100 (Annual)
Real Estate Taxes - Annual($) $4,480 (Annual)
Finance Data Year 2009
Assessed Value - Total($) $938,100 (Annual)
Real Estate Taxes - Annual($) $17,431 (Annual)

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-36-300-001.001-005
Zoning: MIXED USE MEDIUM SCALE
Legal Description: PT S1/2 SW 36-9-1W 2.141A
Zoning Description: MM - Mixed Use Medium Scale

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,764 51,548 93,732
Median Age: 29.51 29.2 30.22
Households: 4,076 17,595 36,556

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