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    302 W 1St St Bloomington, IN 47403

    For Sale
    $1,575,000

    Two-story, 6,120 SF property on 0.57 acres in Bloomington.

    Property size:
    6,120 SF
    Lot size:
    0.52 Acres

    Property Features for 302 W 1St St

    General Information

    Size
    6,120 SF
    Lot size
    0.52 Acres

    Source: F.C. Tucker/Bloomington, REALTORS Agent Chris Cockerham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Redevelopment Opportunity

    This two-story property offers approximately 6,120 square feet of space on 0.57 acres, encompassing three parcels in Bloomington. The site is positioned as a redevelopment opportunity. Its location adjacent to the B-Line Trail and the Hopewell Development site provides access to downtown amenities. The property is currently zoned as Mixed-Use Medium Scale, which supports 33 additional permitted uses, enhancing its development potential. The estimated annual taxes are $14,698.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.5310032
    Latitude
    39.15914

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story, 6,120 SF property on 0.57 acres in Bloomington.
    Where is this mixed-use property located?
    The property is located at 302 W 1St St Bloomington, IN.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity with Mixed-Use Medium Scale zoning, allowing 33 additional permitted uses.; - **Excellent location** adjacent to the B-Line Trail and the Hopewell Development site.; - Convenient access to downtown amenities.
    (812) 340-3083
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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
    302 W 1St St Bloomington, IN 47403
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