1612 N Lane Drive, Bloomington, IN 47404

Property Description

RARE IMPROVED HOMESITE OPPORTUNITY NEAR IU! Unlike many vacant lots, this beautiful 0.51-acre property already offers an existing well, septic system, electrical service, outbuildings and two driveways! Valuable site improvements that may help reduce future development costs. Located just 2.5 miles from Indiana University, Memorial Stadium, downtown Bloomington, shopping, and dining, the property combines exceptional convenience with peaceful, wooded surroundings. Tucked away in a quiet neighborhood with no HOA, this picturesque homesite features mature trees, wooded views, and frontage along a paved asphalt road. The seller recently uncovered the approximately 1,200-gallon septic tank and installed a new cleanout riser, lid, and 4-inch tap connection for convenient future access. The well and septic have not been used during the seller's ownership, and buyers should independently verify their condition and suitability. Multiple outbuildings include a 14' x 20' detached garage, a 20' x 20' storage building and an 8' x 10' masonry block equipment shed. The buildings have concrete floors and offer abundant storage during construction or for future use. All outbuildings are conveyed as-is. The camper currently on the property may remain and be included as-is, or the seller will remove it before closing. Whether you are planning a custom home or seeking an investment opportunity near IU, this property offers outstanding potential. Buyers should verify zoning, permitted uses, utilities, septic and well condition, lot dimensions, property boundaries, building requirements, and all development information with Monroe County.

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 4:17AM

Listing Office:

Fathom Realty : 317-371-6072

Listing Agent:

Jennifer McKinney-Seet : 317-371-6072

MLS ID:

22117368

Exterior

• General: Shed(s)See RemarksOther

Location

• Road/Access: City Street
• Originating MLS: mibor
• School District: Monroe County Community Sch Corp
• County: Monroe

Lot

• Topography: Sloping
• Zoning: RE1012-23190-00 Pt Sw 30-9-1W .51A530530300024000004
• View: Trees/WoodsView
• Fencing: Chain LinkPartial

Utilities

• Water: Municipal Water Near ByWell on Site
• Sewer: Public SewerSeptic Tank

Financial

• Source: mibor