2 Locations For Sale

Entitled, de-risked 0.68-acre infill site positioned to score competitively for Low-Income Housing Tax Credits and layered state/federal financing. Zoned RM for multifamily by-right at 3 stories (approximately 22–32 units in a 1–3BR mix) with the UDO affordability height bonus adding up to two floors for roughly 40–50 units (planning estimate only, subject to City confirmation).

Location: Directly adjacent to Bloomington's 65-acre Switchyard Park and the B-Line Trail, with walkable access to transit, retail, and schools, and minutes from Indiana University and downtown, the amenity proximity IHCDA prioritizes in its Qualified Allocation Plan.

Predevelopment risk already retired. A completed Phase II Environmental Site Assessment characterizes the site; no soil removal recommended. Conceptual site plans, a UDO density analysis, and a boundary survey are on file.

Financing: Opportunity Zone designation pairs with LIHTC equity; site sits in a corridor the City has actively prioritized for affordable housing.

Flexible site control: Owner will consider a purchase contingent on a tax-credit award, or owner financing to align with an IHCDA application cycle.

Ideal for an affordable-housing or mixed-income developer, a nonprofit housing organization, or a public/private partnership.

Predevelopment package (available to qualified parties):

• Boundary survey (2016)
• Single-lot conceptual site plan (2017)
• Phase II Environmental Site Assessment (2020)
• UDO zoning density analysis (2026)
• Adjacent-parcel assemblage materials also available upon request: Combined site plan, Phase I ESA on 2113 S Rogers, and a pre-design site-analysis report