2801 Madison St Muncie, IN 47302
- Turn key restaurants
- 1,792 SF
- 0.41 lot acres
Current Use by Public Records
- Bull's Eye / Bar
Property Details for 2801 Madison St
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.41 lot acres
- Property size
- 1,792 SF
- Property type
- Turn key restaurants
- APN
- 18-11-22-312-009.000-003
- APU
- 181122312009000003
Description
This exceptional commercial property, situated on the highly visible corner of Madison Street and 21st Street in Muncie, Indiana, presents a fantastic opportunity for a variety of businesses. Boasting a generous 1,792 square feet of space, the building is well-suited for a range of uses, including restaurants, bars, or retail establishments. The layout features three expansive, open-concept rooms, providing ample flexibility for customization to meet specific business needs. Convenient amenities include two bathrooms and a small kitchen area. Parking will never be an issue, with three lots already consolidated into a single 0.41-acre parcel, ensuring ample space for customers and employees. This property benefits from its prime location in a high-traffic area, guaranteeing excellent visibility and accessibility. The asking price is $81,900. This is a rare chance to acquire a well-positioned commercial building in a thriving Muncie location, ready for immediate occupancy and poised for success. Don't miss this opportunity to establish your business in a highly desirable area with excellent potential for growth and profitability. The property is located at 2801 S Madison Street, Muncie, IN.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $80,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $105,000
- 7%
- $105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $105,000
- Geo Method
- $105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $90,000
- Mixed-Use
- $115,000
- Hospitality
- $95,000
- Educational
- $115,000
- Residential Income
- $95,000
- Energy
- $120,000
- Income-Based Land
- $120,000
- Food Service
- $125,000
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.382
- Latitude
- 40.1691
- CBSA code
- 34620
- CBSA name
- MUNCIE, IN METROPOLITAN STATISTICAL AREA