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    1301 Tapp Rd Bloomington, IN 47403

    For Sale
    $264,000

    0.76-acre commercial lot, high-density zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.76-acre commercial land parcel, located at 1301 W Tapp Rd, Bloomington, IN 47403 (APN: 53-08-17-203-002.000-009), presents a remarkable opportunity for multifamily development. Zoned for Residential Heavy Density, this property offers significant potential for a high-density residential project. Preliminary estimations suggest the site could accommodate 10-12 townhouses, with the possibility of even more units if a flat-style development is pursued. The lot's size provides ample space for a substantial project, while its convenient location offers quick and easy access to I-69, enhancing its appeal to potential residents. This prime location in Monroe County, Indiana, combines the advantages of a thriving community with excellent transportation links. The asking price for this exceptional development opportunity is $264,000. Serious inquiries are encouraged to explore the full potential of this valuable asset. Don't miss this chance to acquire a highly desirable parcel in a rapidly growing area.

    Property Features for 1301 Tapp Rd

    General Information

    Property type
    Land
    Lot Size
    33,106 SF

    HighLights

    • $264,000 asking price.
    • 0.76‑acre commercial land parcel.
    • Located at 1301 W Tapp Rd, Bloomington, IN 47403.
    • Zoned Residential Heavy Density, suitable for multifamily development.
    • APN: 53‑08‑17‑203‑002.000‑009.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Monroe
    State
    Indiana
    Longitude
    -86.551836083711
    Latitude
    39.136361920855

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    FAQs

    What type of property is this?
    Land - 0.76-acre commercial lot, high-density zoning.
    Where is this land located?
    The property is located at 1301 Tapp Rd Bloomington, IN.
    What is the asking price?
    The asking price for this property is $264,000.
    What are key features of this property?
    This property features: $264,000 asking price.; 0.76-acre commercial land parcel.; Located at 1301 W Tapp Rd, Bloomington, IN 47403.
    Request Owner's contact information
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    Bloomington, IN 47403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 Tapp Rd Bloomington, IN 47403
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