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    2304 Adj S Madison St Muncie, IN 47302

    • Turn key restaurants
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1679162
    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

    • Arby's / Fast Food Restaurant / American Restaurant

    Property Details for 2304 Adj S Madison St

    Property type
    Turn key restaurants
    APN
    18-11-22-176-007.000-003
    APU
    181122176007000003

    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
    -85.3813
    Latitude
    40.1741
    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
    $34
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      3,728 SF

      3421 Walnut St

      RESTAURANT • 3,728 SF
      3421 Walnut St, Muncie, IN 47302-5646
      View Details
    • Value Estimation
      $305,000
      792 SF

      1917 Memorial Dr

      RESTAURANT • 792 SF
      1917 Memorial Dr, Muncie, IN 47302-2162
      View Details
    • Value Estimation
      $270,000
      0.51 Acres

      2405 Macedonia Ave

      RESTAURANT • 0.51 Acres
      2405 Macedonia Ave, Muncie, IN 47302
      View Details
    • Value Estimation
      $460,000
      3,280 SF

      2421 Adj S Madison St

      RESTAURANT • 3,280 SF
      2421 Adj S Madison St, Muncie, IN 47302
      View Details
    • Value Estimation
      $365,000
      2,887 SF

      2304 Madison St

      RESTAURANT • 2,887 SF
      2304 Madison St, Muncie, IN 47302-4157
      View Details
    • Value Estimation
      $240,000
      0.43 Acres

      2200 Blk S Elm St Rear Of

      RESTAURANT • 0.43 Acres
      2200 Blk S Elm St Rear Of, Muncie, IN 47302
      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
      View Details
    • $549,000
      21,818 SF

      Muncie Industrial Property: 21,818 SF

      Versatile Industrial Space, 1.5 Acres
      703 13Th St, Muncie, IN 47302
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    • $152,000
      0.88 Acres

      Muncie Commercial Property: Two Pole Barns

      Prime Commercial Land, Two Pole Barns, High Potential
      3905 Walnut St, Muncie, IN 47302
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    • $225,000
      7.90 Acres

      Muncie Industrial Land For Sale

      7.9 acre industrial land parcel in Muncie, Indiana.
      3200 S Meeker Ave, Muncie, IN 47302
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    • $119,900
      0.15 Acres

      Muncie Duplex: Income Opportunity

      Income-producing duplex in Muncie with long-term tenants.
      2413 S Gharkey St, Muncie, IN 47302
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      15,400 SF

      Shoppes at Southside Retail Center

      Muncie, IN Retail Space Available
      3600 Chandler Dr, Muncie, IN 47302
      View Details
    • $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
    • $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
    • $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
      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

    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      10.0k
    • Avg Time on site
      15 min
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    Muncie, IN 47302
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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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