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1612 N Lane Drive

Bloomington, IN 47404
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Acres0.51

Acre(Lot)

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 w ell 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.

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Detail Ic Property Details

Property Type : Land

Price : $86,000

AD Id : 88636928

MLS Id : MBR22117368

Lot Size : 0.51 Acre(Lot)

County : Monroe

Subdivision: No Subdivision

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Feature Features

  • Lot Information

    Lot Description: Access, Not In Subdivision, Mature Trees, Other Lot Square Feet: 22216 Lot Acres: 0.51

    Property Information

    Property Type: Land Sub Type: Residential Lots

  • Listing Price Information

    Original List Price:$86000

  • Tax Information

    Tax Block: 30 Tax Lot: 53-05-30-300-024.000-004 Tax Legal Description: 012-23190-00 Pt Sw 30-9-1W .51A Tax Year: 2025 Parcel Number: 530530300024000004

  • Utility Information

    Sewer: Public Sewer, Septic Tank
  • Location Information

    Subdivision: No Subdivision City: Bloomington Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
109 S Westplex Avenue, Bloomington, IN, 47404 $129,900 -- -- -- 0.65 Acre(Lot)
4295 W State Road 46, Bloomington, IN, 47404 $799,900 -- -- -- 4.29 Acres(Lot)
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ByOwner last updated this listing 08/16/2026 @ 18:20

MLS: MIBOR #22117368 LISTED BY: Jennifer McKinney-Seet, Fathom Realty 317-590-8788 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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