Walkout Basement-Ready Development
5003 LOT 2 S Iron Gate Trail Bloomington, IN 47403
5003 LOT 2 S Iron Gate Trail, Bloomington, IN, 47403
$150,000
For Sale
$150,000
LAND - Bloomington, IN
Lot Size5.57 Acres
Days on Market197
Property Features for 5003 LOT 2 S Iron Gate Trail
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 53-09-27-100-034.002-015
- Lot size
- 5.57 Acres
Taxes and HOA fees
- Tax Description
- 016-26515-02 Iron Gate Farms Subdivision Phase One Lots 2 & 4 Amendment Two Lot 2A
- Tax Annual Amount
- 1677
Listing Agency
Century 21 Scheetz - Bloomington
(812) 336-2100
1155 S College Mall Rd Suite C, Carmel, IN
Listed by
Brooke Hoffa · License #RB14043458
(812) 340-0166
Added: Jan 2 Checked: Jul 18 at 2:06 am
MLS# 202600195
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 listing offers a 5.57-acre residential development lot in Bloomington’s Iron Gate Farms neighborhood, with a wooded setting that supports privacy. The property is described as an ideal site for a walkout basement, whether you prefer to keep the tree line for a more secluded feel or clear areas to potentially open sightlines toward sunrise views over surrounding horse pastures.
Convenience is part of the offering: Indiana University is listed at 7.5 miles away, and Cook Medical and Simtra are both noted as less than 6 miles. Access to I-69 is described as quick, with Westside shopping close by. The Crane Naval Base commute is identified as 27 miles.
This lot is positioned for buyers planning a custom home build, and the remarks specify that the buyer will contract with Ison Land Group Kevin Spicer to build the home. For prospective homeowners who want land for a primary residence and value the option to design around a walkout basement footprint, the site’s wooded character and country-style surroundings provide a straightforward starting point. The property’s acreage and natural setting make it particularly relevant for those seeking space and flexibility in home placement.
Convenience is part of the offering: Indiana University is listed at 7.5 miles away, and Cook Medical and Simtra are both noted as less than 6 miles. Access to I-69 is described as quick, with Westside shopping close by. The Crane Naval Base commute is identified as 27 miles.
This lot is positioned for buyers planning a custom home build, and the remarks specify that the buyer will contract with Ison Land Group Kevin Spicer to build the home. For prospective homeowners who want land for a primary residence and value the option to design around a walkout basement footprint, the site’s wooded character and country-style surroundings provide a straightforward starting point. The property’s acreage and natural setting make it particularly relevant for those seeking space and flexibility in home placement.
Key Highlights
- 5.57‑acre lot in Bloomington’s Iron Gate Farms neighborhood
- Suitable for a walkout basement with options to build in the woods for privacy
- Potential views if cleared, including sunrise views over scenic horse pastures
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - A 5.57-acre wooded lot suited for a custom home with walkout basement options near major employment centers.
Where is this residential land & home lot located?
The property is located at 5003 LOT 2 S Iron Gate Trail Bloomington, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 5.57‑acre lot in Bloomington’s Iron Gate Farms neighborhood; Suitable for a walkout basement with options to build in the woods for privacy; Potential views if cleared, including sunrise views over scenic horse pastures
