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    319 S Madison St Bloomington, IN 47403

    For Sale
    $3,250,000

    Mixed Use, Garage,Retail,Service Center - Bloomington, IN

    Type:Mixed Use
    Lot size:
    0.83 Acres
    Days on Market:
    107
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 319 S Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    53-08-05-100-140.000-009
    Parking features
    Off Street
    Interior features
    Block, Other
    Exterior features
    Other
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas, Wall Furnace
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Brick
    Roof type
    Metal, Rubber
    Architectural style
    Other

    RE/MAX Acclaimed Properties (812) 332-3001 [email protected]

    Listing agent AJ Bowlen (812) 332-3001 License #RB16000753

    Listing date Aug 22, 2025

    MLS# 202330477 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 Mixed-Use Development Opportunity

    This property presents a development opportunity in downtown Bloomington, featuring frontage on both W 3rd Street and S Madison Street. Adjacent to the Monroe County Convention Center and steps away from the B-Line Trail, the location offers convenient access to downtown Bloomington and the Indiana University campus. The property is zoned Mixed Use Downtown with Downtown Edges Overlay, accommodating various potential uses such as multi-family housing, lodging, and retail. The lot size is 0.83 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.537120076057
    Latitude
    39.164185398417

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    FAQs

    What type of property is this?
    Mixed-use property - Prime downtown Bloomington development opportunity near Indiana University and Convention Center.
    Where is this mixed-use property located?
    The property is located at 319 S Madison St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Prime downtown location with frontage on W 3rd and S Madison Streets.; - Adjacent to the Monroe County Convention Center and steps from the B-Line Trail.; - Walking distance to downtown Bloomington and Indiana University campus.
    (812) 332-3001
    Request Owner's contact information
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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
    319 S Madison St Bloomington, IN 47403
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