Prime opportunity for redevelopment in Bloomington! This medical office building sits on 1.12 acres of land zoned for Mixed-Use Downtown, offering endless potential for redevelopment. Located just a stone's throw away from the 76 acre "Hopewell" Master Development and less than one mile from the Monroe Convention Center, this property benefits from a high-traffic location. The property is situated just one mile from Indiana University Campus, offering an excellent location for student housing or multifamily. The B-Line Pedestrian Trail is adjacent, providing easy access for pedestrians and cyclists. Don't miss this incredible opportunity to develop a top-tier property in one of Indiana's most vibrant college communities.
Property Details
Property Features
Listing Office:
Office Name: Gardner Property Group
Office Email: Cory@CallGPG.com
Listing Agent: Cory Gardner
Lot Features
Lot Information:
Lot Size: 0.81 Acres
Other
Directions Information:
Directions: Maps
Price Information
Listing Price Info
Price Summary:
List Price: $4,299,000
Tax Information:
Annual Amount: $3,893
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Bloomington, IN.
This property is $3.9M more than the Median Sold Price in Bloomington, IN.
Based on homes sold in September 2024
MLS Details
MLS Information:
MLS Name: MIBOR
MLS Number: #21960004
Listing Office:
Office Name: Gardner Property Group
Office Email: Cory@CallGPG.com
Listing Agent: Cory Gardner
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,893
$1,407,600
2019
$3,914
$184,300
2017
$3,911
$184,300
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Templeton Elementary School
1400 South Brenda Ln
Distance between this listing and this school0.74 miles
Public District Grades PK-6
5
/10
Fairview Elementary School
627 W 8th St
Distance between this listing and this school0.75 miles
Public District Grades PK-6
4
/10
Summit Elementary School
1450 W Countryside Ln
Distance between this listing and this school1.54 miles
Public District Grades PK-6
Nearby Schools
7
/10
The Bloomington Project School
349 S Walnut St
Distance between this listing and this school0.26 miles
Public Charter Grades KG-8
5
/10
Tri-North Middle School
1000 W 15th St
Distance between this listing and this school1.31 miles
Public District Grades 7-8
5
/10
Lora L Batchelor Middle School
900 W Gordon Pike
Distance between this listing and this school2.47 miles
Public District Grades 7-8
Nearby Schools
5
/10
The Academy of Science & Entrepreneurship
444 S Patterson Dr
Distance between this listing and this school0.92 miles
Public District Grades 9-12
7
/10
Bloomington High School South
1965 S Walnut St
Distance between this listing and this school1.17 miles
Public District Grades 9-12
1
/10
Bloomington Graduation School
705 W Coolidge Dr
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $27,136. Typical income of Bloomington, IN residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Bloomington, IN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What are the common housing types in Bloomington, IN?
The housing landscape in Bloomington is diverse, with single-family homes being a significant component, complemented by a selection of apartments and townhouses. The architectural styles vary, with a mix of modern, traditional, and craftsman influences. A substantial portion of the housing stock was developed in the latter part of the 20th century, reflecting a period of growth and expansion.
What are the advantages of living in Bloomington, IN?
Bloomington is celebrated for its vibrant cultural scene and the presence of Indiana University, which infuses the city with a youthful energy. The community prides itself on a blend of academic, artistic, and musical events throughout the year, contributing to the city's dynamic and inclusive atmosphere.
Are essential services in Bloomington, IN convenient?
Residents of Bloomington benefit from a robust educational system, including a number of public and private schools that cater to various educational needs. The city is home to multiple healthcare facilities offering a range of services from primary care to specialized treatments. Retail and dining options are plentiful, showcasing local flavors and contributing to the city's charm. Efforts are continuously made to adapt services to the evolving needs of the population.
How do Bloomington, IN residents get around?
Bloomington's transport infrastructure supports both private and public transit options, with a network of roads and highways facilitating travel in and around the city. Public transportation is available, with schedules designed to accommodate commuters and students. The city is also attentive to walkability and bikeability, particularly in areas with higher pedestrian traffic. Ride-sharing services are operational, providing additional mobility solutions for residents and visitors.
Frequently Asked Questions About 700 S College Ave
What is the listing price of this property?
The listing price of 700 S College Ave property is $4,299,000.
What type of property is this?
The property 700 S College Ave is land located in Bloomington, Indiana, 47403.
Is this property for sale now?
Active Listing: 700 S College Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $3,893 (source: MLS/based on county public records data).
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This home is located at 700 S College Ave in Bloomington, IN and zip code 47403. This home sits on a 0.81 acre lot. It has been listed on Rocket Homes since January 16, 2024 and is currently priced at $4,299,000.
Over 14 listings were sold over their listed price in September 2024 in Bloomington, IN. In the same period over 70 listings were sold below the listed price and 31 listings were sold for the listed price. The number of listings in Bloomington, IN increased by 24.4% between August 2024 and September 2024. The median list price of listings available in September 2024 was $329,000, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
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