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    2001 S Madison St Muncie, IN 47302

    For Sale
    $695,000

    Retail - Muncie, IN

    Type:Retail
    Lot size:
    0.68 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 8 at 10:06 am

    Property Features for 2001 S Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    18-11-22-108-009.000-003
    Parking
    35
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Overhead Door 1
    Exterior features
    Overhead Door 1
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Sep 17, 2025

    MLS# 202435746 Listing URL

    Copyright © 2025 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.

    Overview

    Muncie Retail Investment Opportunity

    The property is a 7,000 square foot building built for Advanced Auto, located in Muncie, Indiana. The property benefits from a recent lease extension for five years. The site has a 7.25% cap rate based on rents of $50,400 per year. The building is well maintained and includes parking. Situated on a 0.68-acre lot, the property is located in a strong retail corridor just south of CVS and Walgreens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Shipping And Mailing Service Advance Auto Parts Auto Parts Store

    Suggested Use

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

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

    Similar Places Nearby

    G T Automotive

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.38193
    Latitude
    40.177168

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    FAQs

    What type of property is this?
    Automotive property - Net leased Advanced Auto property with recent lease extension.
    Where is this automotive property located?
    The property is located at 2001 S Madison St Muncie, IN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Net Leased to Advanced Auto.; - Recent lease extension for five years.; - **7.25 Cap rate on rents of $50,400 per year.**
    (765) 289-2228
    Request Owner's contact information
    2001 S 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
    2001 S Madison St Muncie, IN 47302
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