| 2101 1/2 S. Rogers Bloomington, IN 47403 |
$235,000 |
| Listed by The Indiana Team LLC |
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| Lot Information |
| Section: |
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| Zoning: |
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| Acres: |
0.68 |
| Dimensions: |
158' x 175' |
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| County: |
Monroe |
| Township: |
Perry |
| Grid: |
None |
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| Utilities |
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| Sewage |
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| Water Co |
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| Cable |
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| Street Type: |
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Road Surface: |
Asphalt |
Road Frontage: |
City |
| Sidewalks: |
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Improvements: |
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Animal and/or Usage: |
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Other Buildings: |
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Mobile Home Allowed: |
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Tillable: |
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| HOA Fee: | 0
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HOA Term: | ---
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| HOA Note: | --- |
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School
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NOTE: Due to school redistricting, schools identified with this listing may be subject to change. Please confirm school district with the school corporation.
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| Elementary: Templeton |
Middle: Batchelor |
High: Bloomington South |
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Development-ready 0.68-acre RM-zoned multifamily site supporting 12xe2x20acx201c15 two- and three-bedroom apartments or condominiums. Located in a Qualified Opportunity Zone steps from Bloomington’s premier 65-acre Switchyard Park and the B-Line Trail in one of the city’s fastest-growing residential corridors. Significant pre-development work complete: soil samples on file and site plans for multi-unit development previously prepared. Buyer saves months of planning and thousands in due diligence costs. Bloomington’s UDO supports medium-scale multifamily development in the RM district with building heights up to 3 stories. A completed 12xe2x20acx201c15 unit project at this location could generate $172,000xe2x20acx201c$270,000 in annual gross rental income, or $2.4Mxe2x20acx201c$4.1M in total condo sales revenue. Bloomington’s rental market, driven by Indiana University, maintains among the lowest vacancy rates in the state. Opportunity Zone investors can defer existing capital gains, receive a basis step-up on deferred gains, and pay zero capital gains tax on project appreciation when held for 10+ years. Seller financing available to qualified buyers. Ideal for developers and OZ investors seeking an entitled, de-risked site in a proven rental market. Adjacent 5.5-acre property is also separately available, creating a potential 6+ acre combined development site for 60+ units. Site plans for the combined parcels have been previously prepared.
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Tax Key: |
53-08-08-100-042.000-009 |
| TAX: |
Estimated Cost: |
$1605 |
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