Net-Leased Auto Service
For Sale
$550,000
2001 S Madison Street, Muncie, IN 47302
COMMERCIAL, Muncie, IN
Property Size7,000 SF
Lot Size0.68 Acres
Price / SF$78.57
Days on Market706
Property Features for 2001 S Madison Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Memorial to Madison south to property
Subdivision
Delaware County
Standard status
Active
APN
18-11-22-108-009.000-003
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
23
Tax Description
G AND O SUB 0.0000Acres STR: 222010 IN: 1-2-3-4-5 OUT:
Tax Annual Amount
9610
Legal Description
G AND O SUB 0.0000Acres STR: 222010 IN: 1-2-3-4-5 OUT:
Utilities
Cooling system
Central Air
Building Details
Year built
1988
Flooring type
Tile
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Sep 16, 2024
Changed: Aug 19
Last Checked: Aug 22 at 5:06PM
MLS# 202435746
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This net-leased auto service building was built for Advanced Auto and is described as well maintained. The property includes ample parking and has a recent lease extension for five years, with annual rents stated at $50,400.
The asset is located just south of CVS and Walgreens within a strong retail corridor in Muncie, Indiana.
The site totals 0.68 acres and is presented for sale as a stabilized, lease-backed commercial property.
The asset is located just south of CVS and Walgreens within a strong retail corridor in Muncie, Indiana.
The site totals 0.68 acres and is presented for sale as a stabilized, lease-backed commercial property.
Key Highlights
- 7,000 SF net leased building built in 1988 for Advanced Auto
- Recent lease extension for five years
- Net leased income with a reported 7.25 cap rate on $50,400 in annual rents
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
99k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 35%
Home Improvements & Furnishings 1%
Wendy's
Dining
13,361 visits/mo
0.4 miles
Taco Bell
Dining
13,205 visits/mo
0.2 miles
Burger King
Dining
12,575 visits/mo
0.2 miles
Shell
Shops & Services
10,219 visits/mo
0.3 miles
Arby's
Dining
10,022 visits/mo
0.2 miles
Demographics for 47302, IN
25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cars Muncie — 2405 S Gharkey St, Muncie, IN 47302
- Ron Jones Auto Repair — 2900 S Madison St, Muncie, IN 47302
- Beaty's Auto Repair — 916 E 20th St, Muncie, IN 47302
- D & D Body Shop — 2701 s franklin st, muncie, in 47302
- Trucks & Imports II — 600 W 23rd St, Muncie, IN 47302
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained auto service building built for Advanced Auto with recent five-year lease extension and ample parking.
Where is this auto shop located?
The property is located at 2001 S Madison Street Muncie, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 7,000 SF net leased building built in 1988 for Advanced Auto; Recent lease extension for five years; Net leased income with a reported 7.25 cap rate on $50,400 in annual rents
