1615 Willard St Muncie, IN 47302-3674
This exceptional mixed-use property, located at 1615 E Willard Street in Muncie, Indiana, presents a unique investment opportunity. The 3,536 square foot building is situated on a 0.14-acre lot and is currently configured as a house of worship, offering a multitude of potential uses. The main level comprises a welcoming foyer, a spacious sanctuary ideal for large gatherings, several administrative offices perfect for a variety of business needs, and conveniently located washrooms. The lower level boasts a fully equipped kitchen, perfect for catering events or community functions, and a sizable fellowship hall, providing ample space for meetings, social events, or additional office space. The property's significant advantage lies in its dual-lot configuration. One lot houses the building itself, while the second lot provides valuable off-street parking, a highly desirable feature in any commercial setting. The asking price for this versatile property is $70,000, representing a compelling value for its size, features, and location within Muncie. The property's adaptability makes it suitable for a range of commercial ventures, from religious organizations to community centers, educational facilities, or even creative office spaces. Its existing infrastructure and ample parking ensure a smooth transition for any new owner. This is a rare opportunity to acquire a well-maintained property with significant potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.