Property profile

1107 Tillotson Ave Rear Of Muncie, IN 47304

OFF-MARKET
Commercial land
Property ID
US31-2541523
0.04 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.04 ac (1,647 SF)
APN 18-11-17-305-042.000-003
UPID US31-2541523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Home Health Care Service Hospital
  • Physician
  • Corporate Office

Location

1107 Tillotson Ave Rear Of Muncie, IN 47304-4517
Muncie metro Census 500 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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