Property profile

418 Adams St Muncie, IN 47305

OFF-MARKET
Office Spaces
Property ID
US31-1477017
13,756 SF 0.75 ac lot Built 1920
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.75-acre commercial property at 418 W Adams Street, Muncie, Indiana, presents a unique investment opportunity. The building, boasting beautiful architecture and a stone exterior, is meticulously maintained and offers a multitude of potential uses. A new roof was installed in 2016, ensuring long-term durability. The interior features a versatile layout ideal for various commercial ventures. A large sanctuary, capable of holding approximately 250 people, is expandable via a removable wall. The property also includes a fully equipped commercial kitchen, multiple restrooms, a library, classrooms, studies, and an administrative office. Additional amenities include an elevator, three central air/heat pump units, and two boiler systems for efficient climate control. A large east room, complete with a kitchenette and commercial freezers, is perfect for meetings or events. Currently used as a church, this property is well-suited for a religious organization seeking a new home, or for adaptive reuse as office space or apartments. Its prime location near downtown Muncie in a historic neighborhood, combined with its extensive amenities, makes this a highly attractive investment opportunity. The asking price is $350,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Construction TYPE NOT SPECIFIED
Total area 13,756 SF
Lot 0.75 ac (32,500 SF)
APN 18-11-16-226-008.000-003
UPID US31-1477017

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
  • Church
  • Social Service Agency Medical Clinic
  • Tutoring Service

Location

418 Adams St Muncie, IN 47305-2306
Muncie metro Census 600 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$594k
Blend (final) Blend
$960k

Owner & transaction history

since 2013
1 recorded transaction
2013
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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