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Property profile & analytics
OFF-MARKET
Theaters & concert halls

1615 Willard St Muncie, IN 47302-3674

3,536 SF 0.14 ac lot Built 1930
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-2202826
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1930
Construction WOOD
Total area 3,536 SF
Lot 0.14 ac (6,063 SF)
APN 18-11-15-429-003.000-003
UPID US31-2202826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Berea Apostolic Faith Church · 4 yrs held
Berea Apostolic Faith Church
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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