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Gas Station Property with Acreage
For Sale
$295,000

7340 N Wayport Road Bloomington, Bloomington, IN 47408

Former gas station with LB zoning, a paved lot, and documented removal of underground fuel tanks.

Property Size4,942 SF
Lot Size2.64 Acres
Price / SF$59.69
Days on Market51

Property Features for 7340 N Wayport Road Bloomington

General Information

Standard status Active
Size 4,942 SF
Lot size 2.64 Acres
Property subtype Commercial
Zoning LB

Taxes and HOA fees

Annual Taxes $19,056

Amenities

Drywall
Tile
No
Township
9
Yes
Slab
Block
County
paved lot
114998
Asphalt
Irregular
Masonry
2.64
Wayport Road (Off Sample)

Building Details

Year Built 1980
Buildings 1
Stories 1
Listing Agency: Century 21 Scheetz - Bloomington; Cell
Listed By: Jason Lipps · License #RB14047983
Source: Kramerrealestategroup
Added: Jul 12 Changed: Aug 30 Last Checked: Aug 30 at 12:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Scheetz - Bloomington; Cell

Investment Insights

Based on property information with market context.

This former gas station property includes a 2.64-acre parcel and a 4,942-square-foot building constructed in 1980. The structure features masonry and block construction, drywall and tile interior finishes, and a slab foundation. A paved lot provides on-site parking and circulation area.

The property is positioned off Wayport Road near the Sample Road Exit in Bloomington, with access between Indianapolis and Bloomington. It carries LB (Limited B) zoning. Underground gas tanks have been removed, and an NFA (no further action) is on file with IDEM, providing documented environmental closure for that work.

Key Highlights

  • 2.64‑acre property with a 4,942‑square‑foot building
  • Former gas station near the Sample Road Exit in Bloomington
  • LB (Limited B) zoning

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 47408, IN

22,917
Population
10,456
Households
2.2
Avg Household Size
28
Median Age
59%
College-Educated
98%
High-School Grad
64.4 sq mi
ZIP Area
356
Density / Sq Mi
$45,584
Median Household Income
$15,819
Median Earnings
$1,177
Median Rent
$304,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - Former gas station with LB zoning, a paved lot, and documented removal of underground fuel tanks.
Where is this gas station located?
The property is located at 7340 N Wayport Road Bloomington Bloomington, IN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2.64‑acre property with a 4,942‑square‑foot building; Former gas station near the Sample Road Exit in Bloomington; LB (Limited B) zoning
More about this property
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