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    1107 Tillotson Ave Muncie, IN 47304

    For Lease
    $12 SF/Yr ($14,689 /Mo)

    14,102 SF Medical Office, 10,000 SF Vacant

    Lot size:
    14,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This single-story, 14,102-square-foot medical office building is located at 1107 S. Tillotson Ave in Muncie, Indiana, 47304. The property sits on a 1.17-acre lot and is classified as Class C. The building features a total of 14,102 square feet, with 10,000 square feet currently vacant and available for lease. The vacant space is divisible, offering flexibility for various medical or dental practices. The building's zoning is BV-Variety Business, allowing for a range of potential uses. The property's address is verified as 1107 S Tillotson Ave, Muncie, IN 47304, with coordinates 40.1837867 latitude and -85.4197429 longitude. The Assessor's Parcel Number (APN) is 11-17-305-025.000. This presents a unique opportunity for medical professionals seeking established space or expansion in a convenient Muncie location. The building is suitable for multiple tenants. The property offers significant potential for investors or medical practices looking to establish or expand their presence in a growing market. Serious inquiries are encouraged.

    Property Features for 1107 Tillotson Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,102 SF
    Class
    C
    Total Rate
    14689.58

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 4
    Size
    10,000 SF
    Rate per SF
    $12

    HighLights

    • 14,102 SF medical office building on a 1.17‑acre lot in Muncie, IN.
    • 10,000 SF of divisible vacant space available for lease.
    • Class C building with BV‑Variety Business zoning.
    • Located at 1107 S. Tillotson Ave, Muncie, IN 47304 (APN: 11‑17‑305‑025.000).
    • Suitable for multiple medical tenants or investors.
    Property Profile Insight Report 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

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    FAQs

    What type of property is this?
    Medical office - 14,102 SF Medical Office, 10,000 SF Vacant
    Where is this medical office located?
    The property is located at 1107 Tillotson Ave Muncie, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 14,102 SF medical office building on a 1.17-acre lot in Muncie, IN.; 10,000 SF of divisible vacant space available for lease.; Class C building with BV-Variety Business zoning.
    Request Owner's contact information
    1107 Tillotson Ave Muncie, IN 47304
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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

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    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
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