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    3206 Madison St Muncie, IN 47302

    For Sale
    $275,000

    Established Bar, Full Kitchen, Great Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property at 3206 S Madison Street, Muncie, Indiana, presents a unique investment opportunity. The main building is a fully operational bar featuring a complete kitchen and a modern Ansel System, ensuring efficient operations. Its prime location on a major south Muncie thoroughfare provides excellent visibility and accessibility. Ample off-street parking is available for patrons and staff. The open floor plan offers versatility, making it suitable for conversion into a restaurant or cafГ©, should the new owner desire. Adding significant value to this offering is an adjacent investment property included in the purchase price. This additional parcel presents multiple possibilities: it could serve as supplementary space for the bar or restaurant, generate rental income through lease, or be developed into additional parking areas to accommodate future growth. The property sits on a 0.23-acre lot. The asking price for this combined property is $275,000. This is a turnkey operation with significant potential for growth and profitability in a desirable location. The existing infrastructure and equipment provide a solid foundation for immediate success, while the adjacent property offers exciting possibilities for expansion and future development. This is an exceptional opportunity for an entrepreneur seeking a well-established business with significant upside.

    Property Features for 3206 Madison St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1964
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ro-Jac's Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.38137
    Latitude
    40.16491

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar, Full Kitchen, Great Location
    Where is this commercial real estate located?
    The property is located at 3206 Madison St Muncie, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    (765) 729-5181
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    3206 Madison St Muncie, IN 47302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3206 Madison St Muncie, IN 47302
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