United Country Coffey Realty & Auction
302 S College Ave
Bloomington, IN 47403
Date(s) 8/27/2026 - 9/3/2026
Live/Simulcast Auction: September 3, 2026 at 1:00 PM ET Live Auction Location: Bloomington Convention Center, 302 S College Ave, Bloomington, IN 47403
Past Auction
Local Pickup Only
Bidding Notice:
A Down Payment of $40,000 per property must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the Purchase Agreement. The down payment will be deposited with John Bethell Title Company.
Auction Notice:
An 10% Buyer’s Premium will be added to the final bid and charged to the buyer at closing. The final bid plus the 10% Buyer’s Premium establishes the Total Contract Price.
Auction Information
| Name | Rare Indiana University Edge-of-Campus Investment Portfolio |
|---|---|
| Auctioneer |
United Country Coffey Realty & Auction
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| Type | Live Webcast Auction |
| Date(s) | 8/27/2026 - 9/3/2026 |
| Auction Date/Time Info |
Live/Simulcast Auction: September 3, 2026 at 1:00 PM ET
Live Auction Location: Bloomington Convention Center, 302 S College Ave, Bloomington, IN 47403
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| Preview Date/Time | Friday, August 14 | 9:00 AM – 5:00 PM at 1331 E Atwater Ave Bloomington, IN 47401 Due to the properties being currently occupied by multiple tenants, all properties included in this auction will be available for viewing and inspection on ONE DAY ONLY: Friday, August 14 | 9:00 AM – 5:00 PM During this designated inspection event, all auction properties will be open and available for prospective buyers, real estate agents, inspectors, contractors, and other professionals to walk through and evaluate. No private or individual showings will be available before or after August 14. Real estate agents will not be able to schedule separate showing appointments for their clients. Buyers are strongly encouraged to attend on August 14 and complete any desired inspections or due diligence during this time. Buyers may bring their real estate agent, inspector, contractor, or other advisors with them. Please plan accordingly, as August 14 will be the only opportunity to access the properties prior to the auction. |
| Checkout Date/Time | Closing shall take place at the office of John Bethell Title Co., 2626 S. Walnut St., Bloomington, IN 47401. Closing fee will be paid by the buyer. Closing will be held on or before October 16, 2026, at 4:00 PM EDT. |
| Location |
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| Buyer Premium | 10% Buyer's Premium |
| Description |
A generational real estate portfolio. An irreplaceable location. A rare opportunity to invest at the edge of Indiana University.
For generations, one family built and held a collection of Bloomington properties in one of the city's most sought-after locations. Now, as part of an estate liquidation, this long-held portfolio is being offered to a new generation of owners through a live and simulcast auction.
The offering includes seven income-producing multi-unit residential properties located at the edge of Indiana University's campus, near some of the university's most prominent destinations, academic facilities and established Bloomington businesses. A separate premier Bloomington residence is also included in the overall auction event.
The campus-area properties offer buyers an opportunity that extends well beyond their current use. While currently operating as income-producing residential properties, zoning on many of the properties supports a variety of potential uses, creating opportunities for investors, developers, business owners and long-term real estate holders.
Continue the legacy. Reimagine the possibilities. Invest in a location that cannot be recreated.
A Location at the Center of It All
These properties are positioned within the energy and activity surrounding Indiana University, with convenient access to destinations including the Jacobs School of Music, the IU School of Medicine and other university facilities, along with Mother Bear's Pizza, restaurants, businesses and the broader Bloomington community.
The location creates opportunities for a wide range of potential buyers—from those seeking established rental income to investors looking toward future redevelopment, commercial uses or long-term appreciation.
A Rare Portfolio Opportunity
Properties in this location are rarely available—and even more rarely does a collection of properties held by one family for generations become available through a single auction event.
Potential opportunities include:
• Continued operation as income-producing residential properties
• Student and university-oriented housing
• Commercial and business uses where permitted
• Restaurant, retail and hospitality concepts where permitted
• Redevelopment opportunities
• Strategic property acquisition and assemblage
• Long-term investment near Indiana University
Buyers should independently verify zoning, permitted uses, development requirements and property suitability with the appropriate governmental authorities.
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