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Investment Highlights

  • Great location, close to the B-line trail and Switchyard Park.

Executive Summary

This 5.56-acre parcel presents a significant redevelopment opportunity in Bloomington, Indiana. Positioned on the city’s south side, the site offers flexibility for a range of residential concepts, including a new neighborhood, multifamily housing, or condominiums after rezoning. Its location adjacent to the B-Line Trail and Switchyard Park enhances its appeal, providing future residents with direct access to recreational amenities and green space.
The property’s size and configuration allow for creative planning and design, making it suitable for a thoughtfully integrated mixed-use or residential community. With strong connectivity to Bloomington’s downtown core, major roadways, and nearby employment centers, this site is well-positioned for long-term growth and value creation. Offered at $1,749,000, this is an exceptional opportunity for developers and investors seeking to capitalize on Bloomington’s expanding housing demand and vibrant community environment.

Property Facts

Price $1,749,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 5.55 AC
Opportunity Zone Yes
Zoning R2 - Residential R2. Zoning change required and possible for multifamily development

1 Lot Available

Lot

Price $1,749,000
Price Per AC $315,135.14
Lot Size 5.55 AC

Raw developmental land

Description

Prime 5.56-acre redevelopment opportunity on the south side of Bloomington offering exceptional potential for a new neighborhood, multifamily project, condominiums, or a thoughtfully designed mixed residential community. Currently zoned R2, this parcel features approximately 200 feet of road frontage on Rogers Street and borders both the scenic Switchyard Park and the popular B-Line Trail along its eastern boundary—providing unmatched access to green space, recreation, and connectivity. The location is truly outstanding, just minutes from Interstate 69 via the Tapp Road exit and only 2.5 miles (approximately a 10-minute drive) from the campus of Indiana University Bloomington. With strong surrounding growth in Bloomington’s southwest corridor and immediate proximity to two of the city’s most sought-after amenities, this property delivers what every successful development needs: location, visibility, accessibility, and lifestyle appeal. In addition, the area is a part of the Bloomington Urban Enterprise Zone, which offers tax incentives and grants to qualified individuals and businesses. It is also located within the Monroe County Opportunity Zone. Location truly is everything, and this land sits in a prime position for future development.

Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
53-08-08-100-016.000-009
Land Assessment
$44,400
Improvements Assessment
$2,700
Total Assessment
$47,100
  • Listing ID: 39543228

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 2113 S Rogers St, Bloomington, IN 47403

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