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Property profile & analytics
OFF-MARKET
Turn key restaurants

2801 Madison St Muncie, IN 47302-5132

1,792 SF 0.41 ac lot Built 1927
Individually Owned 3-yr Hold Free & Clear
Property ID
US31-2106283
Property summary
AI-generated overview

This exceptional commercial property, situated on the highly visible corner of Madison Street and 21st Street in Muncie, Indiana, presents a fantastic opportunity for a variety of businesses. Boasting a generous 1,792 square feet of space, the building is well-suited for a range of uses, including restaurants, bars, or retail establishments. The layout features three expansive, open-concept rooms, providing ample flexibility for customization to meet specific business needs. Convenient amenities include two bathrooms and a small kitchen area. Parking will never be an issue, with three lots already consolidated into a single 0.41-acre parcel, ensuring ample space for customers and employees. This property benefits from its prime location in a high-traffic area, guaranteeing excellent visibility and accessibility. The asking price is $81,900. This is a rare chance to acquire a well-positioned commercial building in a thriving Muncie location, ready for immediate occupancy and poised for success. Don't miss this opportunity to establish your business in a highly desirable area with excellent potential for growth and profitability. The property is located at 2801 S Madison Street, Muncie, IN.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1927
Construction WOOD
Total area 1,792 SF
Lot 0.41 ac (17,880 SF)
APN 18-11-22-312-009.000-003
UPID US31-2106283
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
Current use
Occupant on record · Public records
  • Bull's Eye Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rosa Diaz · 3 yrs held
Rosa Diaz
since 2023
Last sale
$80,000
4 recorded transactions
2023
$80,000
2022
Price N/A
2017
$19,900
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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