Development-Ready Multifamily
2101 1/2 S Rogers Street, Bloomington, IN 47403
- Added:
- Feb 3, 2026
- Days on Market:
- 108
- Last Refresh:
- May 22 at 5:06 am
Property Features for 2101 1/2 S Rogers Street
General Information
- Property type
- Land
- Property subtype
- Other
- Exterior features
- Other Buildings
- Standard status
- Active
- APN
- 53-08-08-100-042.000-009
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1605
Building Details
- Architectural style
- Other
Listing agent Laura Stevens License #RB16000367 (812) 219-9002
Listing office The Indiana Team LLC 1915 S Liberty Drive, Bloomington, IN (812) 961-8000
Listing date Feb 3, 2026
MLS# 202603397
Listing URL
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.
HighLights
- Development‑ready RM‑zoned multifamily site in a Qualified Opportunity Zone.
- Significant pre‑development work complete, saving buyer time and money.
- Potential for significant income: $172,000–$270,000 in annual gross rental income or $2.4M–$4.1M in total condo sales revenue.
- Located steps from Switchyard Park and the B‑Line Trail in a fast‑growing residential corridor.
- Bloomington's strong rental market has low vacancy rates.
- Seller financing available to qualified buyers.
Overview
This 0.68-acre site is zoned RM for multifamily development, supporting 12–15 two- and three-bedroom apartments or condominiums. It is located in a Qualified Opportunity Zone near Bloomington’s 65-acre Switchyard Park and the B-Line Trail, situated in one of the city’s fastest-growing residential corridors. Significant pre-development work has been completed, including soil samples on file and previously prepared site plans for multi-unit development. The site is suitable for medium-scale multifamily development with building heights up to 3 stories, as supported by Bloomington’s UDO in the RM district. A completed 12–15 unit project at this location could generate $172,000–$270,000 in annual gross rental income, or $2.4M–$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 is available to qualified buyers. It is ideal for developers and OZ investors seeking an entitled, de-risked site in a proven rental market. The 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. The property is located in Monroe County.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.5384743
- Latitude
- 39.1447253
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - 0.68-acre RM-zoned site in Bloomington, Indiana.
Where is this residential land & home lot located?
The property is located at 2101 1/2 S Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Development‑ready RM‑zoned multifamily site in a Qualified Opportunity Zone.; Significant pre‑development work complete, saving buyer time and money.; Potential for significant income: $172,000–$270,000 in annual gross rental income or $2.4M–$4.1M in total condo sales revenue.
