Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1107 Tillotson Ave Muncie, IN 47304

    Sponsored
    For Sale
    $1,150,000

    High-Return Mixed-Use Investment

    Property size:
    12,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,600 square foot mixed-use property, located at 1107 S Tillotson Ave in Muncie, Indiana (APN: 11-17-305-025.000), presents a compelling owner-user opportunity. Currently zoned BV- VARIETY BUSINESS, this Class B building sits on a generous 1.17-acre lot and offers significant potential for diverse uses. The asking price is $1,150,000, translating to a price per square foot of $91.27. The property's versatility is highlighted by the owner's willingness to lease 10,000 square feet of space, ideally suited for medical use, at a rate of $12.50 per square foot per year, NNN. This attractive lease option provides a strong potential for passive income alongside the ownership benefits. The property's prime location in Muncie, Delaware County, Indiana (zip code 47304), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial mixed-use property with immediate income potential and significant upside in a thriving Indiana market. The property's size and zoning allow for a variety of uses, making it an ideal investment for both established businesses and forward-thinking entrepreneurs. Serious inquiries are encouraged to explore this unique investment opportunity further.

    Property Features for 1107 Tillotson Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    12,600 SF
    Class
    B
    Lot Size
    50,965 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Central Indiana Physical ... Sports Medicine Physician Dr. Ibrahim Sports Medicine Physician Indiana HomeCare Home Health Care Service Rheumatology of Central Indiana Nurse Practitioner Honeycomb Disposal Inc Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4197429
    Latitude
    40.1837867

    Nearby Similar for Sale

    • $599,900
      Pending

      Remodeled Mixed-Use Building in Downtown

      Remodeled mixed-use building with commercial space and luxury apartment.
      114 S Walnut St, Muncie, IN 47305
      View Details
    • $1,100,000
      Pending

      Downtown Muncie Office Opportunity

      Two buildings in revitalized downtown Muncie near amenities.
      110 E Charles St, Muncie, IN 47305
      View Details
    • $109,900
      0.15 Acres

      Muncie Duplex: Income Opportunity

      Income-producing duplex in Muncie with long-term tenants.
      2413 S Gharkey St, Muncie, IN 47302
      View Details
    • $895,000
      2.50 Acres

      Muncie Investment Property in Airpark

      Investment property with long-term tenants in Muncie, Indiana.
      404 W Air Park Dr, Muncie, IN 47303
      View Details
    • $249,000
      0.36 Acres

      Historic Retail Property in Muncie

      Meticulously maintained historic property suitable for retail or multifamily use.
      607 E Charles St, Muncie, IN 47305
      View Details
    • $142,000
      Pending

      Muncie Duplex with Studio

      Duplex featuring a three-bedroom unit and a studio.
      218 E 8Th St, Muncie, IN 47302
      View Details
    • $169,900
      2,672 SF

      Muncie Triplex with Fenced Yard

      Triplex in Muncie, Indiana, featuring a fenced backyard.
      1901 W Riggin Rd, Muncie, IN 47304
      View Details
    • $169,900
      2,672 SF

      Muncie Multi-Unit Residential Property

      Multi-unit residential property featuring three units and a two-car garage.
      1901 W Riggin Rd, Muncie, IN 47304
      View Details
    • $579,000
      19,800 SF

      Muncie Industrial Multi-Tenant Property

      Multi-tenant industrial property with recent upgrades and flexible space.
      2401 S Monroe St, Muncie, IN 47302
      View Details
    • $88,900
      0.07 Acres

      Muncie Duplex with Basement Potential

      Muncie duplex with basement, offering potential for additional units.
      202-204 E Maple St, Muncie, IN 47305
      View Details
    • $74,900
      Pending

      Muncie Office/Daycare Opportunity

      Versatile building suitable for office or daycare in downtown Muncie.
      911 W Jackson St, Muncie, IN 47305
      View Details
    • $3,950,000
      18.46 Acres

      Muncie Industrial Facility on 18+ Acres

      Well-maintained industrial property with heavy power and ample parking.
      3401 W 8Th St, Muncie, IN 47302
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-Return Mixed-Use Investment
    Where is this mixed-use property located?
    The property is located at 1107 Tillotson Ave Muncie, IN.
    What is the asking price?
    The asking price for this property is $1,150,000.
    Request Owner's contact information
    1107 Tillotson Ave Muncie, IN 47304
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1107 Tillotson Ave
    Muncie, IN 47304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1107 Tillotson Ave Muncie, IN 47304
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.