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    Property profile & analytics

    2123 Madison St Muncie, IN 47302-4058

    • Retail space
    • 6,204 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Location Intelligence
    Property ID
    US31-1508723
    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

    • Retail space

    Property Details for 2123 Madison St

    Year built
    1987
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.41 lot acres
    Property size
    6,204 SF
    Property type
    Retail space
    APN
    18-11-22-112-016.000-003
    APU
    181122112016000003

    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
    -85.382
    Latitude
    40.1756
    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
    $6,349
    $107,300
    $82,400
    $189,700
    -
    $107,300
    $82,400
    $189,700

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      107 9th St

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      107 9th St, Muncie, IN 47302
      View Details
    • Value Estimation by Request
      5,276 SF

      1218 Brotherton St

      RETAIL STORES (PERSONAL SERVICES) • 5,276 SF
      1218 Brotherton St, Muncie, IN 47302-3770
      View Details
    • Value Estimation by Request
      2,480 SF

      607 Malissa Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,480 SF
      607 Malissa Ave, Muncie, IN 47302
      View Details
    • Value Estimation by Request
      2,054 SF

      2024 May Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,054 SF
      2024 May Ave, Muncie, IN 47302-4738
      View Details
    • Value Estimation
      $315,000
      2,244 SF

      2208 Delawanda Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,244 SF
      2208 Delawanda Ave, Muncie, IN 47302-4774
      View Details
    • Value Estimation
      $300,000
      1,650 SF

      1125 8th St

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      1125 8th St, Muncie, IN 47302-3526
      View Details

    Similar Nearby for Sale

    • $695,000
      7,000 SF

      Net Leased Muncie Retail Property

      Advanced Auto Parts, 7.25% Cap Rate
      2001 Madison St, Muncie, IN 47302
      View Details
    • $695,000
      0.68 Acres

      Muncie Retail Investment Opportunity

      Net leased Advanced Auto property with recent lease extension.
      2001 S Madison St, Muncie, IN 47302
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    • $549,000
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      Muncie Industrial Property: 21,818 SF

      Versatile Industrial Space, 1.5 Acres
      703 13Th St, Muncie, IN 47302
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      0.88 Acres

      Muncie Commercial Property: Two Pole Barns

      Prime Commercial Land, Two Pole Barns, High Potential
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    • $225,000
      7.90 Acres

      Muncie Industrial Land For Sale

      7.9 acre industrial land parcel in Muncie, Indiana.
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      Muncie Industrial Land For Sale

      Industrial land available in Muncie, Indiana, with secure fenced lots.
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    Similar Nearby for Lease

    • $4 SF/Yr
      31,000 SF

      Retail Space in Muncie, Indiana

      Retail space available for rent in Muncie, Indiana.
      2006 Walnut St N Walnut, Muncie, IN 47302
      View Details
    • $10 SF/Yr
      15,400 SF

      Shoppes at Southside Retail Center

      Muncie, IN Retail Space Available
      3600 Chandler Dr, Muncie, IN 47302
      View Details
    • $1.00 SF/Yr
      350,000 SF

      Muncie Industrial Space Available

      Flexible Warehouse/Manufacturing Space
      1210 Seymour St, Muncie, IN 47302
      View Details
    • $3 SF/Yr
      470,000 SF

      Muncie Warehouse and Industrial Space

      Flexible manufacturing and warehouse space available for lease in Muncie.
      1106 E Seymour St, Muncie, IN 47302
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    • $5 SF/Yr
      15,500 SF

      Muncie Industrial Space For Lease

      15,500 SF Warehouse w/ Docks
      1111 Seymour St, Muncie, IN 47302
      View Details
    • $4 SF/Yr
      15,550 SF

      Muncie Industrial/Warehouse Space Available

      Heated manufacturing or warehouse/distribution space with ample parking.
      1111 E Seymour St, Muncie, IN 47302
      View Details

    Property Visit Statistics

    • Visits by month
      5.6k
    • Visitors by month
      4.3k
    • Avg Time on site
      20 min
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    2123 Madison St
    Muncie, IN 47302-4058
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    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
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