{"id":649236,"date":"2026-08-10T01:02:42","date_gmt":"2026-08-10T06:02:42","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/1331-e-atwater-ave\/"},"modified":"2026-08-10T01:02:43","modified_gmt":"2026-08-10T06:02:43","slug":"1331-e-atwater-ave","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/1331-e-atwater-ave\/","title":{"rendered":"Large IU Campus-Area Investment Property | 1331 E Atwater Avenue"},"content":{"rendered":"

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AUCTION \u2013 Substantial income-producing investment property prominently
\nlocated at the corner of E Atwater Avenue and S Eagleson Avenue near Indiana
\nUniversity.<\/span><\/b><\/p>\n

Located at 1331 E Atwater Avenue in Bloomington, Indiana<\/b>, this
\nexpansive brick property combines significant finished space with a highly
\nvisible corner location in the active campus-area market surrounding Indiana
\nUniversity. With multiple finished levels and an established rental use, this
\nproperty presents an opportunity for investors seeking both scale and location
\nin one Bloomington asset.<\/span><\/p>\n

The property was originally constructed in 1938 and offers approximately 3,870
\nsquare feet of finished living space<\/b>. The layout includes approximately 1,134
\nsquare feet on the main level, 918 square feet on the second floor, 918 square
\nfeet of finished attic area and approximately 900 square feet of finished
\nbasement space<\/b>.<\/span><\/p>\n

The current MLS information identifies the property as having 10
\nbedrooms and 2 full bathrooms<\/b>, while county records also indicate a half
\nbathroom and classify the property as a two-family dwelling on a platted lot<\/b>.
\nThe property record further notes two kitchen sinks, providing additional
\nfunctionality for its established investment use.<\/span><\/p>\n

Additional features include brick construction, central warm-air
\nheating, central air conditioning, a fireplace, an open masonry porch and a
\nfull basement<\/b>. The property sits on approximately 0.10 acres<\/b> with
\npaved street frontage, sidewalks and public utilities available.<\/span><\/p>\n

One of this property’s greatest advantages is its prominent position at
\nthe corner of E Atwater Avenue and S Eagleson Avenue<\/b>. This location
\nprovides convenient access to Indiana University and places the property near
\nthe Jacobs School of Music, IU academic and medical facilities, Mother Bear’s
\nPizza, dining, entertainment and the broader Bloomington campus community.<\/span><\/p>\n

Currently utilized as an income-producing property, 1331 E Atwater Avenue
\noffers an opportunity to acquire a substantial campus-area asset with
\nsignificant finished space across multiple levels. Its county classification as
\na two-family dwelling, established rental use and corner location create a
\ncompelling opportunity for investors looking to add to or expand their
\nBloomington portfolio.<\/span><\/p>\n

This property is one of seven investment properties at the edge of
\nIndiana University being offered as part of a generational real estate
\nportfolio auction<\/b>. Buyers may pursue 1331 E Atwater Avenue individually or
\nexplore the strategic opportunity of acquiring multiple properties offered
\nthrough the same auction event.<\/span><\/p>\n

Online Bidding Opens:<\/span><\/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

Nearly 3,900 finished square feet. A prominent Atwater and Eagleson
\ncorner location. An established investment property at the edge of Indiana
\nUniversity.<\/span><\/b><\/span><\/p>\n

AUCTION LINKS:\u00a0
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