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Listing courtesy of Sterling Real Estate · Listing agent: Heather Groves · cell: 812-606-4239

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4638 E State Road 45

$735,000

$341.70 / sq ft

Est. $4,911/mo

Bloomington, IN 47408

  • 1.1 acres
  • Basement
  • Energy efficient
Bedrooms
0
Bathrooms
0.5
Living area
4,302 sq ft
Lot
1.05 ac
Year built
1928
Type
Other
Listed
February 5, 2026
MLS #
202603593

About this home

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.

Monthly payment estimate

$4,911/mo

Principal & interest
$4,023
Property taxes
$674
Homeowners insurance
$214
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Stories
2
Total area
4,302 sq ft
Finished area above grade
2,151 sq ft
Finished area below grade
2,151 sq ft
Below grade total
2,151 sq ft
Basement
Full, Walk-Out Basement, Finished
Flooring
Carpet, Wood
Heating
Heat Pump
Cooling
Central Air
Amenities
Basement, Off Street Parking, Storage, Countertops-Laminate, Detector-Smoke

Exterior & parking

Style
Ranch
Construction
Brick
Roof
Shingle
Foundation
Block
Parking
Asphalt, Parking Lot, Off Street, Paved
Private pool
No
New construction
No
Energy-efficient features
Windows

Waterfront & lake

Waterfront
No

Lot

Lot features
Level, Part Wooded, 0-2.9999
Lot size (acres)
1.05 ac
Lot dimensions
irr
Location type
City/Town/Suburb
County
Monroe County
Township
Bloomington
Platted
Yes
Planned unit development
No
Directions
Property is on your right, right before Prairie Green Court.

Schools

Elementary school
University
Middle school
Tri-North
High school
Bloomington North
School district
Monroe County Community School Corp.

Taxes & terms

Tax year
3788
Tax exemptions
No Exemptions
Listing terms
Cash, Conventional
Possession
At Closing
Parcel number
53-05-36-200-017.000-004

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer
Electric provider
Duke Energy Indiana
Water provider
Bloomington City Utility

Income & commercial

Units
1
Parking spaces
25
Pets allowed
Yes
Tenant pays
Cable TV, Electricity, Lawn Care, Sewer, Snow Removal, Water

Location

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