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    915 Memorial Dr Muncie, IN 47302

    Sponsored
    For Sale
    $85,000

    Spacious Worship Center, Endless Potential

    Property size:
    10,888 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 10,888 square foot mixed-use building, situated on a 0.25-acre lot at 915 E Memorial Drive in Muncie, Indiana, presents a unique investment opportunity. Currently configured as a house of worship, the property boasts a welcoming foyer, a sizable sanctuary, dedicated administrative offices, and convenient washrooms. The full basement offers additional space, including a functional kitchen and a large fellowship hall, perfect for gatherings or events. While some interior cleaning is recommended, the building's foundation is dry and structurally sound, ensuring a solid base for future development. A comparable, smaller property recently sold for a price near the asking price of $85,000, highlighting the exceptional value this offering presents. The versatile layout lends itself to a variety of uses, including but not limited to office spaces, residential conversion, or an entertainment venue. This property is particularly well-suited for churches or ministries seeking a new home, offering significant space and potential at a highly competitive price point. The strategic location in Muncie provides easy access to local amenities and transportation routes. Don't miss this chance to acquire a substantial property with immense potential for redevelopment and future growth. Serious inquiries are encouraged.

    Property Features for 915 Memorial Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    10,888 SF
    Lot Size
    10,890 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.37629
    Latitude
    40.17805

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious Worship Center, Endless Potential
    Where is this mixed-use property located?
    The property is located at 915 Memorial Dr Muncie, IN.
    What is the asking price?
    The asking price for this property is $85,000.
    (888) 611-3912
    Request Owner's contact information
    915 Memorial Dr Muncie, IN 47302
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    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
    915 Memorial Dr Muncie, IN 47302
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