4638 E State Road 45, Bloomington, IN, 47408
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.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Basement
- Roof: Shingle
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Finished,Block
Bedrooms & Bathrooms
- Bathrooms: 1
- 1/2 bathrooms: 1
Features
- Storage,Laminate Counters
- Flooring: Carpet,Wood
- Finished area below ground: 2,151
- Finished area above ground: 2,151
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 4,302
- Total interior livable area: 4,302 sqft
Property
Details
- Parcel number: 530536200017.000004
- Zoning description: Limited Business
Features
- Levels: One
- Stories: 2
- Fencing: None
Lot
- Lot size: 1.05 Acres
- Features: Level,Few Trees,0-2.9999,City/Town/Suburb
Parking
- Total spaces: 25
- Parking features: Parking Lot,Off Street,Paved,Off Street Parking,Asphalt
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,716 | $44,592 |
| Home Insurance * | $341 | $4,092 |
| Property Taxes | $453 | $5,436 |
| Electricity | $394 | $4,732 |
| Total | $4,904 | $58,848 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-05 | Listed for sale | $735,000 |
| 2026-01-31 | Listing removed | $735,000 |
| 2026-01-13 | Price change | $735,000 |
| 2025-08-02 | Listed for sale | $775,000 |
| 2024-06-28 | Listing removed | $799,000 |
| 2024-05-26 | Price change | $799,000 |
| 2024-04-23 | Price change | $840,000 |
| 2023-12-15 | Listed for sale | $850,000 |
| 2022-04-27 | Sold | $440,000 |
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