Residential Development Lot with Corner
For Sale
$150,000
5001 LOT 1 S Iron Gate Trail, Bloomington, IN 47403
LOTS AND LAND, Bloomington, IN
Property SizeContact for details
Lot Size4.10 Acres
Days on Market233
Property Features for 5001 LOT 1 S Iron Gate Trail
General Information
Property type
Land
Property subtype
Other
Subdivision
Irongate Farm
Lot features
Corner, Partially Wooded, Planned Unit Development, 3-5.9999, Cable Available, Subdivision, Rural
Elementary school
Grandview
Middle school
Batchelor
High school
Bloomington North
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
Hwy 45 West. Left onto Dunlap Rd. At the stop sign veer to the left into Iron Gate Farms.
Standard status
Active
APN
53-09-27-100-034.001-015
Lot size
4.10 Acres
Taxes and HOA fees
Tax Description
016-26505-01 Iron Gate Farms Phase 1 Lot 1
Tax Annual Amount
1509
Legal Description
016-26505-01 Iron Gate Farms Phase 1 Lot 1
Listing Agency:
Century 21 Scheetz - Bloomington · Century 21 Real Estate
(812) 336-2100
Listed By:
Brooke Hoffa · License #RB14043458
(812) 340-0166
Added: Jan 2
Changed: Aug 20
Last Checked: Aug 23 at 1:06PM
MLS# 202600191
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 residential lot offers 4.1 acres of buildable land with a corner location and views from a hillside setting overlooking nearby horse pastures. The terrain is described as flat, which can support a spacious ranch-style home layout, while still leaving flexibility for other design directions.
Located on Bloomington’s near Westside in the Iron Gate Farms neighborhood, the property is positioned for convenient access to I-69. It’s also described as being within close range of major employers and destinations, including Indiana University (7.5 miles) and Cook Medical and Simtra (both under 6 miles). The Crane Naval Base commute is noted as 27 miles, and Westside shopping is described as nearby.
For buyers planning a custom build, the lot’s combination of corner placement and surrounding views may help when orienting the home to the setting. The seller notes that the buyer would contract with Ison Land Group Kevin Spicer to build the home, which should be reviewed as part of the planning process.
Located on Bloomington’s near Westside in the Iron Gate Farms neighborhood, the property is positioned for convenient access to I-69. It’s also described as being within close range of major employers and destinations, including Indiana University (7.5 miles) and Cook Medical and Simtra (both under 6 miles). The Crane Naval Base commute is noted as 27 miles, and Westside shopping is described as nearby.
For buyers planning a custom build, the lot’s combination of corner placement and surrounding views may help when orienting the home to the setting. The seller notes that the buyer would contract with Ison Land Group Kevin Spicer to build the home, which should be reviewed as part of the planning process.
Key Highlights
- 4.1‑acre lot in the Iron Gate Farms neighborhood on Bloomington’s near Westside
- Corner lot with flat terrain for a ranch‑style home layout
- Hilltop setting with views overlooking peaceful horse pastures
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A 4.1-acre corner lot with hilltop views, suited for designing a custom home with space and flexible layout.
Where is this residential land & home lot located?
The property is located at 5001 LOT 1 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: 4.1‑acre lot in the Iron Gate Farms neighborhood on Bloomington’s near Westside; Corner lot with flat terrain for a ranch‑style home layout; Hilltop setting with views overlooking peaceful horse pastures
