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12-Unit Storefront Property
New
For Sale
$1,500,000

623-625 S Tillotson Avenue S, Muncie, IN 47304

Commercial Sale, Muncie, IN

Property SizeContact for details
Lot Size0.17 Acres
Days on Market3

Property Features for 623-625 S Tillotson Avenue S

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial Retail/office
Elementary school district Muncie Community Schools
Middle school district Muncie Community Schools
High school district Muncie Community Schools
Directions GPS Friendly
Subdivision 1808 - Delaware - Center
Standard status Active
APN 181117153016000003
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Sub Westside S 90 Ft Lots 1018 0.0000Acres Str: 172010 In: Out:
Tax Annual Amount 7786
Legal Description Sub Westside S 90 Ft Lots 1018 0.0000Acres Str: 172010 In: Out:

Building Details

Floors in Building 1
Listing Agency: eXp Realty, LLC
Listed By: Kulwinder Benipal · License #RB23001895
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 7 at 12:06AM
MLS# 22130023

Copyright © 2026 Broker Listing Cooperative®. 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 commercial property comprises three buildings with a total of 12 units. All units are occupied, and the site is zoned Commercial Retail/office.

The property at 623-625 S Tillotson Avenue in Muncie is adjacent to a Kroger-brand grocery store, Taco Bell, and KFC. Ball State University, Indiana University Hospital, and White River are also identified as nearby destinations.

Key Highlights

  • Three buildings with 12 commercial units
  • 100% occupied and fully leased
  • Zoned Commercial Retail/office

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Repair Shop Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,372
Businesses Nearby
218k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 63% Shops & Services 18% Groceries 17% Beauty & Spa 2%
Pay Less Super Markets Groceries
37,565 visits/mo 0.1 miles
McDonald's Dining
31,185 visits/mo 0.2 miles
Starbucks Dining
17,661 visits/mo 0.1 miles
Wendy's Dining
15,963 visits/mo 0.3 miles
7 Brew Coffee Dining
13,297 visits/mo 0.2 miles

Demographics for 47304, IN

30,366
Population
14,303
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
875
Density / Sq Mi
$67,756
Median Household Income
$33,077
Median Earnings
$951
Median Rent
$161,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Three buildings contain fully leased commercial space along Tillotson Avenue.
Where is this storefront property located?
The property is located at 623-625 S Tillotson Avenue S Muncie, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three buildings with 12 commercial units; 100% occupied and fully leased; Zoned Commercial Retail/office
More about this property
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