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    1300 N Lincoln St Bloomington, IN 47408

    Picture of Apartment buildings at N Lincoln St 1300, Bloomington, IN
    For Sale
    $5,900,000

    Other/Unknown, Other - Bloomington, IN

    Lot size:
    0.21 Acres
    Days on Market:
    352
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 1300 N Lincoln St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    24
    APN
    53-05-28-317-009.000-005
    Parking features
    Off Street, Other
    Interior features
    Drywall, Basement
    Exterior features
    Basement, Cable
    Lot size
    0.21 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2022
    Floors in Building
    5
    Flooring type
    Carpet, Concrete, Other, Tile, Vinyl
    Building materials
    Brick, Stone
    Roof type
    Rubber
    Architectural style
    Other

    Jason Millican Group (317) 372-9999 [email protected]

    Listing agent Jason Millican (317) 372-9999 License #RB14027891

    Listing date Dec 28, 2024

    MLS# 202403499 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomington Apartment Building For Sale

    This apartment building, constructed in 2022, features 16 units, 24 bedrooms, and 24 bathrooms. It includes 16 parking spaces and is situated in an area with the highest density zoning for rentals in town. The property generates a gross annual income of $358,808 based on the 2024/2025 leases. The sale includes all window coverings and appliances not belonging to the tenants and is subject to tenants' rights. The location is near Indiana University sports stadiums, shopping, and restaurants. The property was appraised for $6.5 million in 2022 and is located in Bloomington, IN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.530775
    Latitude
    39.179102

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    FAQs

    What type of property is this?
    Apartment building - 16-unit apartment building near IU, generating $358,808 annual income.
    Where is this apartment building located?
    The property is located at 1300 N Lincoln St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - High gross annual income of $358,808 for 24/25 leases.; - Located in highest density zoning for rentals.; - Built in 2022, indicating new construction.
    (317) 372-9999
    Request Owner's contact information
    1300 N Lincoln St Bloomington, IN 47408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 N Lincoln St Bloomington, IN 47408
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