Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Retail properties & Spaces

    2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303

    1.82 ac lot Built 1958
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US31-1818752
    Property summary
    AI-generated overview

    This exceptional retail property, located at 2300 N Dr Martin Luther King Jr Blvd in Muncie, Indiana, presents a compelling investment opportunity. The single-story, 11,445 square foot building sits on a generous 2.05-acre lot and was constructed in 1968. Currently configured as a single-tenant space, previously used as an auto dealership, the property boasts recently completed renovations. These upgrades include a showroom floor, bathrooms, and offices, all featuring new epoxy and/or laminate flooring. The service area has been enhanced with new LED lighting, and the landscaping has been refreshed. The property's asking price is $549,900, translating to a price per square foot of $48.05. The property's address is 2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303, and its APN is 18-11-03-410-003.000-003. This prime location in Delaware County offers excellent visibility and accessibility, making it an ideal space for a variety of retail uses. The property's size and recent renovations make it a turn-key solution for a discerning buyer seeking a well-maintained and updated retail space. The single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a substantial retail property in a desirable location at an attractive price point.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Year built 1958
    Lot 1.82 ac (79,279 SF)
    APN 18-11-03-410-005.000-003
    UPID US31-1818752
    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
    Frankie Ds Flea Market LLC · 5 yrs held
    Frankie Ds Flea Market LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    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