915 Willard St Muncie, IN 47302-3552
This exceptional commercial property, situated on a 0.54-acre lot at 915 E Willard Street in Muncie, Indiana, presents a compelling redevelopment or owner-user opportunity. The substantial 8084 square foot building offers a versatile layout ideal for a variety of commercial uses. The ground floor features a spacious open area, perfect for retail, warehousing, or a combination thereof, complemented by existing office space and a functional kitchen. A four-car garage provides ample secure storage, while extensive outdoor parking ensures convenient access for customers and employees. Adding to the property's potential, the upper level comprises two apartments that have been completely gutted, presenting a blank canvas for renovation into modern residential units, generating additional income streams. This prime location in Muncie's Southside offers excellent visibility and accessibility, making it an attractive proposition for both investors seeking a multi-family redevelopment project and owner-occupiers looking for a large, adaptable space. The asking price of $135,000 represents a significant opportunity in the current market. The property's size, layout, and location combine to create a unique investment prospect with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this property offers.
-
Faulkner's Mortuary Social Service Agency
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
Similar Nearby for Lease
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.