2525 W Fountain Drive, Bloomington, IN 47404

$279,900 Asking Price

2 beds
2 baths
1,600  sqft
Built in 1959

Extremely multifunctional property 5 minutes from downtown Bloomington! Recently used by owner as an Airbnb on the upper level and a cleaning service on the lower level this ranch over a basement on over an acre of ground has many angles of use. The current structure has multiple business uses as the ME zoning allows for commercial and multifamily on the site. There's an amazing amount of parking that can accommodate another structure being built that has commercial and multifamily use as part of the allowed zoning. The current Airbnb use generated approx.. 15k last yr being used to approx. a third of the capacity in terms of dates available(owner only used as much as they could clean and restock on a regular basis themselves). Don’t miss the possibilities this ranch over a basement accommodates in terms of revenue generation. In addition to the commercial aspects this would also allow you to live in house and lease the lower level. So many possibilities!!!

Features & Amenities

Interior

Basement:
Walk-Out Basement
Flooring:
Hardwood Floors,Ceramic Tile
A/C:
Central Air
Heating:
Electric
Fireplace:
None

Exterior

General:
Aluminum
Style:
Ranch,Walkout Ranch

Construction

Roofing:
Asphalt
General:
One Story, Walk-Out Basement

Location

HOA Amenities:
Not Applicable
School District:
Monroe County Community School Corp.

Lot

Driveway:
Asphalt
Zoning:
ME - Mixed-Use Employment, 013-13645-00 Pt NE NE 31-9-1W (1.00 Acre & 0.05 Acre) Plat 11, 53-05-31-100-016.000-005
Fencing:
None

Utilities

Water:
City

This listing courtesy of:
RE/MAX Acclaimed Properties, Andy Walker

About Bloomington, IN

Housing

Number of Units
59,766
Median Home Value
$209,648
Median Rent
$862

47.68% of housing units are renter occupied.

8.21% are vacant.

Commute

Car
64.81%
Public Transportation
2.43%
Walk to Work
5.15%
Work from Home
25.81%
Other
0.38%

The median travel time to work is 15 minutes.

People

Population
131,573
Median Age
33.90
Median Household Size
2.47

Education

High School
22.12%
Associate’s Degree
7.30%
Bachelor’s Degree
24.80%
Graduate Degree
22.32%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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