This is a unique opportunity as a versatile property zoned for commercial use, currently serving as a residential homestead. This expansive 1.274-acre lot features a solid limestone ranch-style home built in 1960, offering 2,032 square feet of living space. The residence includes three bedrooms, two full bathrooms, and spacious living areas, complemented by built-in bookshelves and a double-sided fireplace, creating a warm and inviting atmosphere. All carpet has been removed to showcase the original hardwood flooring. Hallway bath has new flooring, new vanity and toilet. En suite bath has new toilet and flooring. The dilapidated pool has been removed and this space is now filled in to offer more outdoor green space or expansion. The property is further enhanced by a substantial 896-square-foot pole building, providing ample storage or workspace. The attached two-car garage adds convenience, while the property's location on State Road 46 ensures excellent visibility and accessibility, making it ideal for various business ventures. Whether you're looking to establish a commercial enterprise or enjoy a spacious residential setting with potential for future business use, this property offers flexibility and opportunity in a desirable Bloomington and exploding Ellettsville location.