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    4040 S Old State Road 37 Bloomington, IN 47401

    Picture of Commercial land at S Old State Road 37 4040, Bloomington, IN
    For Sale
    $799,900

    Commercial Land - Bloomington, IN

    Lot size:
    2.56 Acres
    Days on Market:
    235
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 4040 S Old State Road 37

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    53-08-21-200-061.000-008
    Lot size
    2.56 Acres

    Building Details

    Architectural style
    Other

    Quality Realty & Development (812) 360-6880 [email protected]

    Listing agent Jill Smith (812) 360-6880 License #RB14024746

    Listing date Apr 18, 2025

    MLS# 202513414 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 Commercial Land For Sale

    This 2.56-acre commercial land is located in Bloomington, Indiana. The property, consisting of two parcels, is zoned RM-15. The neighboring parcel to the north was recently rezoned to General Business. It offers potential for business use or multi-family housing. The lot has high visibility, situated directly across from the south entrance of Southside Kroger. Sewer is available. The property includes an easement to access the drive to the west, which is used by the dental office and leather manufacturer to enter and exit onto Gordon Pike.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -86.531849
    Latitude
    39.119973

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    FAQs

    What type of property is this?
    Commercial land - 2.56 acre commercial land with high visibility in Bloomington, IN.
    Where is this commercial land located?
    The property is located at 4040 S Old State Road 37 Bloomington, IN.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - High visibility location directly across from Kroger's south entrance.; - Zoned RM-15 with potential for business use or multi-family housing.; - Neighboring parcel recently rezoned to General Business.
    (812) 360-6880
    Request Owner's contact information
    4040 S Old State Road 37 Bloomington, IN 47401
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    Bloomington, IN 47401
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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
    4040 S Old State Road 37 Bloomington, IN 47401
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