Walkout Basement-Ready Development Lot

5003 LOT 2 S Iron Gate Trail Bloomington, IN 47403

Claim this Listing
For Sale
$150,000

LAND - Bloomington, IN

Lot size:
5.57 Acres
Added:
Jan 2, 2026
Days on Market:
191
Last Refresh:
Jul 12 at 2:06 pm

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 agent Brooke Hoffa License #RB14043458

Listing office Century 21 Scheetz - Bloomington 1155 S College Mall Rd Suite C, Carmel, IN

Listing date Jan 2, 2026

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.

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 ...

Suggested Use

Auto Parts Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Daycare Center Tech Support Center Electronics & Wireless Store

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

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
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