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    Property profile & analytics

    701 Tillotson Ave Muncie, IN 47304-4526

    • Turn key restaurants
    • 2,530 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1403392
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taco Bell / Lunch Restaurant / Takeout Restaurant

    Property Details for 701 Tillotson Ave

    Year built
    1994
    Lot size
    0.85 lot acres
    Property size
    2,530 SF
    Property type
    Turn key restaurants
    APN
    18-11-17-159-008.000-003
    APU
    181117159008000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4197
    Latitude
    40.1882
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,686
    $555,400
    $361,200
    $916,600
    -
    $555,400
    $361,200
    $916,600

    Comparable in this City

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      2200 Kilgore Ave

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      $360,000
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      3901 Bethel Ave

      RESTAURANT • 4,015 SF
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      3113 Oakwood Ave

      RESTAURANT • 3,188 SF
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    • Value Estimation
      $290,000
      3,973 SF

      214 Tillotson Ave

      RESTAURANT • 3,973 SF
      214 Tillotson Ave, Muncie, IN 47304-4355
      View Details
    • Value Estimation by Request
      5,842 SF

      1423 Mcgalliard Rd

      RESTAURANT • 5,842 SF
      1423 Mcgalliard Rd, Muncie, IN 47304-2267
      View Details

    Similar Nearby for Sale

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      Retail Property on Bethel Avenue

      Retail property available for sale in Muncie, Indiana.
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      Retail Property for Sale

      Retail property available for purchase in Muncie, Indiana.
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      Paved parking lot zoned BP Business Professional, near IU Health Hospital.
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,364 SF

      Drive-Thru Restaurant Ready For Lease

      1364 SF drive-thru restaurant available for lease.
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      View Details
    • New
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      1,600 SF

      Muncie Retail Space with Drive-Thru

      1,600 SF commercial space with drive-thru in Muncie, IN.
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      View Details
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      Muncie Commercial Space Available

      Versatile commercial space suitable for medical, office, or retail use.
      4197 W Clara Ln, Muncie, IN 47304
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    • $17 SF/Yr
      32,806 SF

      Muncie Commercial Space on McGalliard

      1,000 sqft retail or medical space with high visibility.
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    • Contact for pricing
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      Meijer In-Store Retail Space

      Muncie, IN retail space available
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    • $12 SF/Yr
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      Muncie Office Suite for Lease

      Prime Muncie location, 940 sq ft office suite.
      2810 Ethel Ave, Muncie, IN 47304
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    Property Visit Statistics

    • Visits by month
      22.5k
    • Visitors by month
      12.7k
    • Avg Time on site
      10 min
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    701 Tillotson Ave
    Muncie, IN 47304-4526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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