2525 W Fountain Dr, Bloomington, IN 47404-2782

$247,000
2
BD
2
BA
800
SqFt

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Sold Price
$247,000
List Price
$249,900
Closing Date
Sep 18, 2024
MLS#
202417431
Property Type
Residential
Levels
One
Bedrooms
2
Bathrooms
2
Sqft. of Residence
800
Year Built
1959
Status
CLOSED

Property Description

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!!!

Additional Information

Style
Ranch
Basement
Walkout
Foundation
Block
Acres
1.05
Cooling
Central Air
Water
City
Region
Monroe County
School District
Monroe County Community School Corp.

Listing courtesy of Andy Walker from RE/MAX Acclaimed Properties. Cell: 812-325-1290

Selling Office: Century 21 Scheetz - Bloomington.

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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID.