5003 LOT 2 S Iron Gate Trail, Bloomington, IN 47403

Listing agent Brooke Hoffa License #RB14043458 Show Phone

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

Listing date Jan 2, 2026

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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.

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Overview

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.

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.

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?

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