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318 & 332 W Spring St, Bloomfield, IN, 47424

--beds
0baths
--sqft
$150,000
--price/sqft
$1,184/moest. monthly cost
$47,360/yrincome needed

About This Home

318 & 332 W Spring Street, Bloomfield, Indiana Prime commercial opportunity in the heart of Bloomfield! These two adjoining vacant lots offer excellent visibility and frontage along West Spring Street, making them ideal for a variety of business uses. With ample space for new construction, parking, or expansion, the properties provide a flexible blank canvas for your next commercial venture. Conveniently located near downtown businesses and main thoroughfares, this site combines accessibility with strong development potential. Call Listing Agents Todd Harrison at or Caleb Emrick at for more information.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

7/10
3/10
Bloomfield Middle SchoolGrades 6-80.1 mi
5/10

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Property

Details

  • Parcel number: 280822444036.000025

Lot

  • Lot size: 0.37 Acres

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
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Earthquake
Hail
Heat Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $758$9,096
Home Insurance *$165$1,980
Property Taxes $77$924
Electricity $184$2,212
Total$1,184$14,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,594/yr
40% on housing$35,520/yr
45% on housing$31,573/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.9%
-2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 47424$112
Greene County$103

vs Homes Sold Last Month

Median $/sqft

ZIP 47424
Greene County$107

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

DateEventPrice
2026-01-08Price change$150,000
2025-11-06Listed for sale$200,000
2024-07-29Listing removed$149,900
2024-07-09Listed for sale$149,900

For Sale by Agent

AgentJeff Michalic
BrokerageMossy Oak Properties Indiana Land and Lifestyle

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