1805 Stonelake Dr Bloomington, IN 47404
This exceptional 0.49-acre commercial parcel is ideally situated at 1805 N Stonelake Drive in Bloomington, Indiana, zip code 47404. Currently zoned Commercial Planned Unit Development (PUD), this property presents a multitude of development possibilities for savvy investors. The asking price is $165,000. All city utilities are readily available, simplifying infrastructure connections and reducing development costs. The generous lot size offers ample space for a variety of commercial ventures, from retail establishments and office spaces to smaller-scale industrial uses. Its prime location within Bloomington provides excellent access to transportation networks and a thriving local economy. The property's flat topography further enhances its development potential, minimizing site preparation challenges. This is a rare opportunity to acquire a strategically located commercial lot in a desirable Indiana city, offering significant potential for future growth and return on investment. Detailed zoning information and permitted uses can be obtained from the city of Bloomington planning department. The property's coordinates are 39.187716 latitude and -86.545047 longitude. Don't miss this chance to secure a valuable asset in a dynamic market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.