1301 Tapp Rd Bloomington, IN 47403
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.