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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
