2001 S Madison St Muncie, IN 47302
Property profile & analytics
2001 S Madison St Muncie, IN 47302
- Outlet malls
- 7,000 SF
- 0.68 lot acres
Property ID
US31-2107698
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.
Location Intelligence
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
Property Details for 2001 S Madison St
- Year built
- 1988
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.68 lot acres
- Property size
- 7,000 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 18-11-22-108-009.000-003
- APU
- 181122108009000003
Description
This exceptional investment opportunity presents a well-maintained, 7,000 square foot commercial building situated on a 0.68-acre lot at 2001 S Madison Street in Muncie, Indiana. Currently leased to Advanced Auto Parts under a recently extended five-year lease, this property offers a secure and stable income stream. The building was specifically constructed for Advanced Auto Parts, ensuring a functional and efficient layout perfectly suited to their operations. Annual rental income totals $50,400, generating a compelling 7.25 cap rate, representing a strong return on investment. The property boasts ample parking, a significant advantage for both the tenant and potential future occupants. Its strategic location in a thriving retail corridor, just south of established businesses like CVS and Walgreens, guarantees high visibility and accessibility. This prime commercial property is an ideal addition to any diversified investment portfolio, offering a blend of stability, strong returns, and excellent long-term potential. The building's excellent condition and the tenant's long-term commitment minimize risk and maximize the potential for consistent cash flow. This is a rare opportunity to acquire a high-performing, net-leased property in a desirable location. The property's size, location, and current lease terms make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable addition to their holdings.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $857,000
Market price range: $264k - $1.03M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $690,000 Current use
- AUTO REPAIR, GARAGE
- $770,000 Change: +12% Conversion: Difficult
- RESTAURANT
- $670,000 Change: -3% Conversion: Easy
- COMMERCIAL (GENERAL)
- $645,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.382
- Latitude
- 40.1771
- 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
$9,610
$152,000
$146,400
$298,400
-
$152,000
$146,400
$298,400
