Downtown Mixed-Use Commercial
For Sale
$3,250,000
319 S Madison Street, Bloomington, IN 47403
COMMERCIAL, Bloomington, IN
Property SizeContact for details
Lot Size0.83 Acres
Days on Market1095
Property Features for 319 S Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
City, Near College Campus, Near Walking Trail
Directions
From downtown going south on College, turn right onto W 3rd then left onto Madison. Property is located at the corner of W 3rd and Madison.
Subdivision
Monroe County
Standard status
Active
APN
53-08-05-100-140.000-009
Lot size
0.83 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
013-07360-00 FRACT OUTLOT PT 24 015-09700-00 Seminary Pt Lot 34 015-14110-00 Seminary Pt Lot 34
Tax Annual Amount
8617
Legal Description
013-07360-00 FRACT OUTLOT PT 24 015-09700-00 Seminary Pt Lot 34 015-14110-00 Seminary Pt Lot 34
Building Details
Year built
1900
Flooring type
Concrete
Roof type
Rubber, Metal
Listing Agency:
RE/MAX Acclaimed Properties · RE/MAX International
(812) 332-3001
Listed By:
AJ Bowlen · License #RB16000753
(812) 345-3712
Added: Aug 24, 2023
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 202330477
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 0.83-acre commercial land parcel has frontage along both W 3rd Street and S Madison Street in downtown Bloomington. The site is zoned Mixed Use Downtown and includes the Downtown Edges Overlay, supporting a range of potential development directions identified in the property information.
The parcel is adjacent to the Monroe County Convention Center and within walking distance of downtown Bloomington and the Indiana University campus. The B-Line Trail is also located steps away. Potential uses specifically identified include multifamily, lodging, and retail.
The parcel is adjacent to the Monroe County Convention Center and within walking distance of downtown Bloomington and the Indiana University campus. The B-Line Trail is also located steps away. Potential uses specifically identified include multifamily, lodging, and retail.
Key Highlights
- 0.83‑acre commercial land parcel
- Frontage on both W 3rd Street and S Madison Street
- Zoned Mixed Use Downtown with Downtown Edges Overlay
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Parcel offers dual-street frontage and mixed-use downtown zoning.
Where is this commercial land located?
The property is located at 319 S Madison Street 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: 0.83‑acre commercial land parcel; Frontage on both W 3rd Street and S Madison Street; Zoned Mixed Use Downtown with Downtown Edges Overlay
