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    2801 Madison St Muncie, IN 47302

    Sponsored
    For Sale
    $81,900

    High-traffic corner lot, 1792 sq ft

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, situated on the highly visible corner of Madison Street and 21st Street in Muncie, Indiana, presents a fantastic opportunity for a variety of businesses. Boasting a generous 1,792 square feet of space, the building is well-suited for a range of uses, including restaurants, bars, or retail establishments. The layout features three expansive, open-concept rooms, providing ample flexibility for customization to meet specific business needs. Convenient amenities include two bathrooms and a small kitchen area. Parking will never be an issue, with three lots already consolidated into a single 0.41-acre parcel, ensuring ample space for customers and employees. This property benefits from its prime location in a high-traffic area, guaranteeing excellent visibility and accessibility. The asking price is $81,900. This is a rare chance to acquire a well-positioned commercial building in a thriving Muncie location, ready for immediate occupancy and poised for success. Don't miss this opportunity to establish your business in a highly desirable area with excellent potential for growth and profitability. The property is located at 2801 S Madison Street, Muncie, IN.

    Property Features for 2801 Madison St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Bull's Eye Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -85.3819
    Latitude
    40.16918

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, 1792 sq ft
    Where is this commercial real estate located?
    The property is located at 2801 Madison St Muncie, IN.
    What is the asking price?
    The asking price for this property is $81,900.
    (765) 595-0414
    Request Owner's contact information
    2801 Madison 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
    2801 Madison St Muncie, IN 47302
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