Property profile

2801 Madison St Muncie, IN 47302

OFF-MARKET
Turn key restaurants
Property ID
US31-2106283
1,792 SF 0.41 ac lot Built 1927
Individually Owned 3-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

2801 Madison St Muncie, IN 47302-5132
Muncie metro Census 1600 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2023
Last sale
$80,000
4 recorded transactions
2023
$80,000
2022
Price N/A
2017
$19,900
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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