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$3,050,000 (Pending)

  • 2.00 Acres
Property Description
This extremely rare opportunity is located on Fee Lane across from the Indiana University Field House and Assembly Hall. City water and electric are available for this 2 acre site. Recently zoned Mixed use Institutional by the City of Bloomington, there are many permitted uses by right including assisted living facility, Continuing care retirement facility, conference, convention or event facility, medical clinic and general office. Multi family dwellings are a conditional use. There is an older home near the back of the property that currently has a lease that expires in August 2022. It is managed by a local property management company. This property has been in the same family for over 50 years. It has always been a rental or residential property. It is located around the corner from the new IU Bloomington Hospital that should be complete this Fall (2021) and near North Fraternity Row.
Address:1708 N Fee Lane Bloomington IN 47408-1618
Status:Pending
on site: 10 days
Price:$3,050,000
Bathrooms:0
Lot Size:2.00
County: Monroe County
Township: Bloomington
School System : Monroe County Community
MLS #:202137417
Property Type:Commercial Land

Lot Dimensions:540' x 151'
Directions:From the ST RD 45/46 Bypass, head South on Fee Lane, property is on the Left across from the tennis courts and parking lot.
Loan Price
$17,808
Price And Interest $15,910/month
Property Tax $627/month
MTG INS $0/month
HOME INS $1,271/month
Price
$3,050,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$627/month
Home Owner Insurance
$15,252 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
Annual Property Tax:$3,764
Tax Year:2021
Subdivision: None
Zip Code:47408-1618
High School:Bloomington North
Middle School:Tri-North
Elementary School:University
Brian Thompson, REALTOR®/Broker, F. C. Tucker Company, Inc.
Brian Thompson
Additional Phone (812) 336-7300
F.C. Tucker Company, Inc
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Listing provided courtesy of RE/MAX Realty Professionals.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.