{"id":649230,"date":"2026-08-07T22:44:50","date_gmt":"2026-08-08T03:44:50","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/1321-e-atwater-ave\/"},"modified":"2026-08-07T22:44:50","modified_gmt":"2026-08-08T03:44:50","slug":"1321-e-atwater-ave","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/1321-e-atwater-ave\/","title":{"rendered":"IU Campus-Area Investment Property | 1321 E Atwater Avenue"},"content":{"rendered":"

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AUCTION \u2013 Campus-area investment property located along E Atwater Avenue
\nnear Indiana University.<\/span><\/b><\/span><\/p>\n

Located at 1321 E Atwater Avenue in Bloomington, Indiana<\/b>, this
\nestablished rental property offers an opportunity to acquire a manageable
\ninvestment asset in the highly sought-after area immediately surrounding
\nIndiana University. Positioned along one of the primary corridors bordering
\ncampus, the property combines an established rental use with convenient access
\nto IU and the surrounding Bloomington community.<\/span><\/p>\n

Originally constructed in 1946<\/b>, the one-story home offers
\napproximately 1,038 square feet of above-grade finished living space<\/b>,
\nplus approximately 500 square feet of finished basement area<\/b>, according
\nto county records. The property includes 2 bedrooms, 1 full bathroom and 6
\ntotal rooms<\/b>. <\/span><\/p>\n

Additional features include a full walk-out basement, central warm-air
\nheating, central air conditioning, fireplace and open frame porch<\/b>. County
\nrecords also indicate a 200-square-foot garage<\/b>. The property is situated
\non approximately 0.08 acres<\/b> with paved street frontage, sidewalks and
\npublic utilities. <\/span><\/p>\n

The property is currently classified by county records as rental\/other
\ncommercial housing<\/b>, while the MLS identifies the property as a site-built
\nresidential home. The MLS also identifies the current City of Bloomington
\nzoning as MM \u2013 Mixed-Use Medium-Scale<\/b>. Buyers should independently
\ninvestigate zoning, permitted uses, occupancy requirements and future
\nredevelopment possibilities as part of their due diligence. <\/span><\/p>\n

One of this property’s greatest advantages is its E Atwater Avenue
\nlocation at the edge of Indiana University<\/b>. From here, residents and
\ninvestors have convenient access to IU facilities, the Jacobs School of Music,
\ndining, entertainment, downtown Bloomington and the broader campus community.<\/span><\/p>\n

For investors, the property’s combination of established rental use,
\ncampus-area location and Mixed-Use Medium-Scale zoning<\/b> makes 1321 E Atwater
\nAvenue an interesting addition to a Bloomington investment portfolio. Its
\nsmaller footprint also provides a different investment opportunity than some of
\nthe larger properties included in this portfolio.<\/span><\/p>\n

This property is part of a generational real estate portfolio auction
\nfeaturing multiple investment properties at the edge of Indiana University<\/b>.
\nBuyers may pursue 1321 E Atwater Avenue individually or explore the strategic
\nopportunity of acquiring multiple properties offered through the same auction
\nevent.<\/span><\/p>\n

Property Inspection:<\/span><\/b> Friday, August 14 | 9:00 AM\u20135:00 PM
\nOnline Bidding Opens:<\/b> August 27, 2026
\nLive\/Simulcast Auction:<\/b> Thursday, September 3, 2026 at 1:00 PM ET
\nLive Auction Location:<\/b> Bloomington Convention Center, Bloomington,
\nIndiana <\/span><\/p>\n

Campus-area location. Established rental use. Mixed-use zoning. An
\nopportunity to invest at the edge of Indiana University.<\/span><\/b><\/span><\/p>\n

AUCTION LINKS:\u00a0
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