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

    1501 Kilgore Ave Muncie, IN 47304-4903

    • Retail space
    • 2,308 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Mar 07, 2023
    Location Intelligence
    Property ID
    US31-1374627
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Acoustic Room / Bar
    • Osteria 32 / Italian Restaurant / Wine Bar

    Property Details for 1501 Kilgore Ave

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    2,308 SF
    Property type
    Retail space
    APN
    18-11-16-152-006.000-003
    APU
    181116152006000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4042
    Latitude
    40.1863
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,406
    $12,500
    $46,100
    $58,600
    -
    $12,500
    $46,100
    $58,600

    Comparable in this City

    • Value Estimation
      $325,000
      3,858 SF

      4100 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,858 SF
      4100 Wheeling Ave, Muncie, IN 47304-1429
      View Details
    • Value Estimation
      $355,000
      1,470 SF

      3308 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,470 SF
      3308 Wheeling Ave, Muncie, IN 47304-2038
      View Details
    • Value Estimation
      $350,000
      3,442 SF

      5214 Kilgore Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,442 SF
      5214 Kilgore Ave, Muncie, IN 47304-4712
      View Details
    • Value Estimation
      $315,000
      3,816 SF

      3005 Oakwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,816 SF
      3005 Oakwood Ave, Muncie, IN 47304-2261
      View Details
    • Value Estimation
      $120,000
      3,333 SF

      4000 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,333 SF
      4000 Jackson St, Muncie, IN 47304-3609
      View Details
    • Value Estimation
      $350,000
      3,280 SF

      2808 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,280 SF
      2808 Jackson St, Muncie, IN 47304-4302
      View Details

    Similar Nearby for Sale

    • $1,150,000
      12,600 SF

      Muncie Retail & Medical Space

      High-Return Mixed-Use Investment
      1107 Tillotson Ave, Muncie, IN 47304
      View Details
    • Contact for pricing
      6,025 SF

      Muncie Executive Office Space For Sale

      Prime Muncie office, 6,025 SF, lease options.
      3000 White River Blvd, Muncie, IN 47304
      View Details
    • $475,000
      2,000 SF

      Retail Property on Bethel Avenue

      Retail property available for sale in Muncie, Indiana.
      4105 W Bethel Ave, Muncie, IN 47304
      View Details
    • $250,000

      Retail Property for Sale

      Retail property available for purchase in Muncie, Indiana.
      9600 Wheeling Ave, Muncie, IN 47304
      View Details
    • $187,000

      Paved Parking Lot For Sale

      Paved parking lot zoned BP Business Professional, near IU Health Hospital.
      101 N Tillotson Ave, Muncie, IN 47304
      View Details
    • $475,000
      2,000 SF

      Muncie Car Wash - Great Investment

      Profitable Car Wash, Prime Location
      4105 Bethel Ave, Muncie, IN 47304
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,600 SF

      Muncie Retail Space with Drive-Thru

      Versatile commercial space with drive-thru, signage, and ample parking.
      4801 N Wheeling Ave, Muncie, IN 47304
      View Details
    • $2,375 /Mo
      10,241 SF

      Muncie Retail or Office Space

      Retail or office space near Tillotson, IU Hospital, and Ball State.
      2902 W White River Blvd, Muncie, IN 47304
      View Details
    • $12 SF/Yr
      3,760 SF

      Renovated Commercial Space, Open Layout

      Versatile, move-in-ready space suitable for various businesses.
      4611 N Wheeling Ave, Muncie, IN 47304
      View Details
    • Contact for pricing
      8,200 SF

      Retail Space in Muncie Corridor

      Retail space for lease in high-traffic Muncie location.
      1401-1629 W Mcgalliard Rd, Muncie, IN 47304
      View Details
    • $1,500 /Mo
      1,364 SF

      Drive-Thru Restaurant Ready For Lease

      1364 SF drive-thru restaurant available for lease.
      3608 N Wheeling Ave, Muncie, IN 47304
      View Details
    • Contact for pricing
      245,738 SF

      Northwest Plaza Retail Center

      Muncie, IN Shopping Center - Spaces Available
      1401 Mcgalliard Rd, Muncie, IN 47304
      View Details
    Request Owner's contact information
    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.
    1501 Kilgore Ave
    Muncie, IN 47304-4903
    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
    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.