3206 Madison St Muncie, IN 47302-5603
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.
-
Ro-Jac's Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.