4638 E State Road 45 Bloomington, IN $ 775,000
4638 E State Road 45
$ 775,000
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4638 E State Road 45

Bloomington, IN, 47408
$ 775,000
Baths0.1 Sq 4,302

Monthly Estimate*

$ 4,835

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Studio

Multi-Family Home for sale in Bloomington, IN

for $775,000 with 1 half bath. This 4,302 square foot home was built in 1928.

Discover historic charm and peaceful nature at this prime east side location, just east of Indiana University and near the new IU Health Bloomington Hospital. This historical schoolhouse—the Poplar Grove School—offers over 4,300sqft of freshly painted space with new carpet, split between two levels, each featuring restrooms and a kitchenette. The layout comprises 10 office spaces, an open common area, storage, and a larger first-level open area with original hardwood floors and over 50 brand new windows, filling the building with natural light. This property sits on just over 1.05 acres with more than 25 parking spots. Zoned Limited Business (LB), this property meets the essential business needs and convenience of neighboring residents, supporting a variety of uses including daycare, office space, retail, studio/gallery space, massage therapy, music therapy, counseling, real estate, freelance work, law firms, insurance, among others. The building offers tremendous potential—bring your imagination to reconfigure, redevelop, or transform this beautiful space. The property has newly installed fiber internet through GigabitNow.

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Multi-Family Active

Price

$ 775,000

Bedrooms

Studio

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Ranch

Year Built

1928

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202530452

Features
General
Heating Heat Pump
Cooling Central Air
Sewer City
Status Active Active
Full Baths 0
Half Baths 1
Bathrooms 1
Year Built 1928
Parking Lot Off Street Paved
New Construction No
Tenant Pays Cable Electric Lawn Maintenance Sewer Snow Removal Water
Subdivision None
Style One Story
Stories Count 2
Township Bloomington
Class INVESTMENT
Type Other
Age 97
Net Income 0
Rent Income 0
Features Basement Off Street Parking Storage Countertops-Laminate Detector-Smoke
REO No
Status Detail 0
Area Monroe County
Location City/Town/Suburb
High School Bloomington North
City Bloomington
School District Monroe County Community School C
Energy Efficient Windows
Architctural Style Ranch
Total Sq Ft 4302
Elementary School University
Middle School Tri-North
Legal Description 012-04420-00 PT NE NW 36-9-1W 0.89 A Plat 4 012-04435-00 PT SE SW 25-9-1W 0.16 A Plat 14
Virtual Tour https://360tourdesigns-central-in.hd.pics/4638-E-State-Rd-45/idx
Agent First Name Heather
Agent Last Name Groves
DOM 137
Tax Year 3376.13
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Interior
Basement Full Basement Walk-Out Basement Finished
Flooring Carpet Wood
Beds 0
Total Number of Units 1
Microwaves 0
Refrigerators 2
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 0
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 0
W/D Hookups 0
Basement Material Block
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Exterior
Exterior Brick
Driveway Asphalt
Pool No
Number of Parking Spaces 25
Lot Size Area 45738
Lot Dimensions irr
Lot Description Level Partially Wooded 0-2.9999
Fence None
Outbuilding None
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Heather Groves

Listing Agent

Sterling Real Estate

Broker

heather.neidigh@homefinder.org

Email

Affordability Calculator

$4,835
Per Month
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Monthly Principal & Interest
$4,835
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1235846 Elementary School
1235877 Middle School
Bloomington North High School High School
Pricing History
DatePricePrice ChangeDescription
8/2/2025$775,000 Listed Price

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4638 E State Road 45, Bloomington, IN, 47408 is a Multi-Family Home for sale at $775,000 with 4,302 sqft. 4638 E State Road 45 is a studio with 0.1 baths and was built in 1928. The property's zip code is 47408 which is in Bloomington, IN