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Property profile & analytics
OFF-MARKET
Turn key restaurants

3206 Madison St Muncie, IN 47302-5603

2,465 SF 0.23 ac lot Built 1964
Individually Owned Free & Clear
Property ID
US31-1439018
Property summary
AI-generated overview

This exceptional commercial property at 3206 S Madison Street, Muncie, Indiana, presents a unique investment opportunity. The main building is a fully operational bar featuring a complete kitchen and a modern Ansel System, ensuring efficient operations. Its prime location on a major south Muncie thoroughfare provides excellent visibility and accessibility. Ample off-street parking is available for patrons and staff. The open floor plan offers versatility, making it suitable for conversion into a restaurant or cafГ©, should the new owner desire. Adding significant value to this offering is an adjacent investment property included in the purchase price. This additional parcel presents multiple possibilities: it could serve as supplementary space for the bar or restaurant, generate rental income through lease, or be developed into additional parking areas to accommodate future growth. The property sits on a 0.23-acre lot. The asking price for this combined property is $275,000. This is a turnkey operation with significant potential for growth and profitability in a desirable location. The existing infrastructure and equipment provide a solid foundation for immediate success, while the adjacent property offers exciting possibilities for expansion and future development. This is an exceptional opportunity for an entrepreneur seeking a well-established business with significant upside.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction WOOD
Total area 2,465 SF
Lot 0.23 ac (10,000 SF)
APN 18-11-22-386-003.000-003
UPID US31-1439018
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
  • Ro-Jac's Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Timothy M Flockhart
Timothy M Flockhart
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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