The Monroe Oil site in Bloomington, Indiana, is a unique and exciting opportunity to repurpose a historic industrial property for a new, vibrant purpose. Originally built in 1922 as a bulk petroleum terminal for Standard Oil of Indiana, this over 10,000-square-foot property retains significant historic charm and offers great potential for a variety of uses.
The property is located directly on the B-Line Trail, just two blocks south of downtown Bloomington and three blocks north of Switchyard Park. It is also positioned near a major urban redevelopment zone—the Bloomington Hospital Redevelopment Project—making it an ideal location for a new business venture.
The property sits on over one acre of land with Downtown Commercial Zoning, which provides flexibility for development. With a well-defined environmental condition (backed by a No Further Action Letter from the Indiana Department of Environmental Management), it is ready for immediate construction. Planned structural improvements include accommodations for rooftop seating and an interior staircase, making the space perfect for a brew pub or similar venue. The site also benefits from an outstanding solar footprint, with full south exposure ideal for solar power generation.
Additionally, there are approximately 30 on-site parking spaces available, and all utilities, including 3-phase electric, are in place to support the development. The location offers exceptional visibility and access, sitting along a major corridor and greenway directly adjacent to one of the largest urban redevelopment projects in Bloomington’s history.