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Residential Land Lot with Minimal Restrictions
For Sale
$190,000

2038 E Charles Way, Bloomington, IN 47401

LOTS AND LAND, Bloomington, IN

Property SizeContact for details
Lot Size2.50 Acres
Days on Market403

Property Features for 2038 E Charles Way

General Information

Property type Land
Property subtype Other
Subdivision Freeman Fields
Lot features Corner, Irregular
Elementary school Lakeview
Middle school Jackson Creek
High school Bloomington South
Elementary school district Monroe County Community School C
Middle school district Monroe County Community School C
High school district Monroe County Community School C
Directions GPS friendly
Standard status Active
APN 53-11-15-300-004.014-006
Lot size 2.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 004-07031-14 Freeman Field Ph 2 Lot 14
Tax Annual Amount 795
Legal Description 004-07031-14 Freeman Field Ph 2 Lot 14
Listing Agency: A Better Way Real Estate
Listed By: Hal Weaver · License #RB18000843
Added: Jul 17, 2025 Changed: Aug 20 Last Checked: Aug 23 at 6:06AM
MLS# 202528061

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This offering is a mature residential land lot sized at 2.5 acres. The property is described as having large private-lot character, with minimal building restrictions intended to give buyers flexibility in designing their home.

The lot is positioned within the Freeman Fields area, with access described as about 10 minutes from Bloomington and roughly 5 minutes to access points for Highway 37. It is also described as a short drive to Lake Monroe. A luxury golf club with a par 71 championship course, along with a full bar and restaurant, is located across the street. Nearby recreation is also highlighted through the Fairfax recreation area, with activities including boating, camping, hiking, mooring, fishing, hunting, and beaches.

For buyers looking to build a private residence, the combination of acreage, established setting, and minimal building restrictions may support a wide range of home designs. The surrounding mix of recreation and golf amenities can also be appealing for tenants and homeowners who value an outdoor-focused lifestyle, while the proximity to major access points may help support day-to-day connectivity.

Key Highlights

  • Mature lot in Freeman Fields, offered with minimal building restrictions
  • About 10 minutes from Bloomington
  • About 5 minutes to access Highway 37

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Electrical Service Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 47401, IN

41,225
Population
21,162
Households
1.9
Avg Household Size
35
Median Age
62%
College-Educated
95%
High-School Grad
82.6 sq mi
ZIP Area
499
Density / Sq Mi
$65,643
Median Household Income
$34,279
Median Earnings
$1,181
Median Rent
$333,100
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - A mature 2.5-acre home site near golf and Lake Monroe, offering minimal building restrictions for flexible design.
Where is this residential land & home lot located?
The property is located at 2038 E Charles Way Bloomington, IN.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Mature lot in Freeman Fields, offered with minimal building restrictions; About 10 minutes from Bloomington; About 5 minutes to access Highway 37
More about this property
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