625 Tillotson Ave Muncie, IN 47304-4449
- Office Properties & Spaces
- 5,544 SF
- 0.17 lot acres
Current Use by Public Records
- Mathewson Law, PC / Estate Planning Attorney / Elder Law Attorney
- CoolSculpting at Body By / Weight Loss Service
- Signal Health Group / Home Health Care Service / Care Services
Property Details for 625 Tillotson Ave
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 5,544 SF
- Property type
- Office Properties & Spaces
- APN
- 18-11-17-153-016.000-003
- APU
- 181117153016000003
Description
This fully leased, 12-unit commercial property in Muncie, Indiana, presents a compelling investment opportunity. Spanning 10,728 square feet across three single-story buildings on a 36,155 square foot lot, this stabilized property boasts 100% occupancy and offers significant redevelopment potential. Built in 1961 and zoned BV R4, the property is strategically located at 625 S Tillotson Avenue, adjacent to major retailers like Payless (Kroger Brand) Grocery, Taco Bell, and KFC. Its prime location in a strong retail and medical corridor between downtown Muncie and Yorktown, near Ball State University, Indiana University Hospital, and the White River, ensures high demand and strong rental income. All roofs were replaced in 2024. The asking price is $695,000. This property offers a blend of immediate income generation and long-term growth potential. The property's proximity to major institutions and high-traffic areas makes it an attractive investment for both short-term and long-term returns.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.4194
- Latitude
- 40.1887
- CBSA code
- 34620
- CBSA name
- MUNCIE, IN METROPOLITAN STATISTICAL AREA
