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    5003 S Iron Gate Trl, Unit 2 Bloomington, IN 47403

    Sponsored
    For Sale
    $150,000

    Residential Land - Bloomington, IN

    Lot size:
    5.57 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 6 at 1:06 pm

    Property Features for 5003 S Iron Gate Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    53-09-27-100-034.002-015
    Lot size
    5.57 Acres

    Building Details

    Architectural style
    Other

    Century 21 Scheetz (317) 844-5111

    Listing agent Brooke Hoffa (812) 336-2100 License #RB14043458

    Listing date Jan 3, 2026

    MLS# 202600195 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.

    Overview

    Residential Land in Iron Gate Farms

    This 5.57 acre lot is located in the Iron Gate Farms neighborhood of Bloomington. It is suited for building a home with a walkout basement. The property allows for a private, wooded setting or can be cleared to provide sunrise views over horse pastures. The location provides country living with access to town. Crane Naval Base is 27 miles away, Indiana University is 7.5 miles away, and Cook Medical & Simtra are less than 6 miles away. The property offers quick access to I-69 and is close to Westside shopping. Buyer to contract with Ison Land Group Kevin Spicer, to build the home. Agent is related to seller.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Parts Store Electronics Store Daycare Center Computer & Electronic Repair Tech Support Center Dry Cleaner

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.616908
    Latitude
    39.106616

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    FAQs

    What type of property is this?
    Land - 5.57 acre residential lot in Bloomington's Iron Gate Farms.
    Where is this land located?
    The property is located at 5003 S Iron Gate Trl, Unit 2 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: - Large 5.57 acre lot in desirable Iron Gate Farms.; - Ideal for a walkout basement with options for wooded privacy or sunrise views.; - Convenient access to Indiana University (7.5 miles), Cook Medical & Simtra (under 6 miles).
    (812) 336-2100
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    Bloomington, IN 47403
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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
    5003 S Iron Gate Trl, Unit 2 Bloomington, IN 47403
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