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    915 Willard St Muncie, IN 47302

    Sponsored
    For Sale
    $135,000

    Southside Muncie: Multi-family potential, large space.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, situated on a 0.54-acre lot at 915 E Willard Street in Muncie, Indiana, presents a compelling redevelopment or owner-user opportunity. The substantial 8084 square foot building offers a versatile layout ideal for a variety of commercial uses. The ground floor features a spacious open area, perfect for retail, warehousing, or a combination thereof, complemented by existing office space and a functional kitchen. A four-car garage provides ample secure storage, while extensive outdoor parking ensures convenient access for customers and employees. Adding to the property's potential, the upper level comprises two apartments that have been completely gutted, presenting a blank canvas for renovation into modern residential units, generating additional income streams. This prime location in Muncie's Southside offers excellent visibility and accessibility, making it an attractive proposition for both investors seeking a multi-family redevelopment project and owner-occupiers looking for a large, adaptable space. The asking price of $135,000 represents a significant opportunity in the current market. The property's size, layout, and location combine to create a unique investment prospect with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 915 Willard St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Faulkner's Mortuary Funeral Home

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.37641
    Latitude
    40.18541

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    FAQs

    What type of property is this?
    Commercial real estate - Southside Muncie: Multi-family potential, large space.
    Where is this commercial real estate located?
    The property is located at 915 Willard St Muncie, IN.
    What is the asking price?
    The asking price for this property is $135,000.
    (765) 289-2228
    Request Owner's contact information
    915 Willard St 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 Willard St Muncie, IN 47302
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