For Sale
$1,150,000

1107 Tillotson Ave Muncie, IN 47304

High-Return Mixed-Use Investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 12,600 square foot mixed-use property, located at 1107 S Tillotson Ave in Muncie, Indiana (APN: 11-17-305-025.000), presents a compelling owner-user opportunity. Currently zoned BV- VARIETY BUSINESS, this Class B building sits on a generous 1.17-acre lot and offers significant potential for diverse uses. The asking price is $1,150,000, translating to a price per square foot of $91.27. The property's versatility is highlighted by the owner's willingness to lease 10,000 square feet of space, ideally suited for medical use, at a rate of $12.50 per square foot per year, NNN. This attractive lease option provides a strong potential for passive income alongside the ownership benefits. The property's prime location in Muncie, Delaware County, Indiana (zip code 47304), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial mixed-use property with immediate income potential and significant upside in a thriving Indiana market. The property's size and zoning allow for a variety of uses, making it an ideal investment for both established businesses and forward-thinking entrepreneurs. Serious inquiries are encouraged to explore this unique investment opportunity further.

Property Details for 1107 Tillotson Ave

Property type
Retail properties, Mixed-use properties
Square Feet
12,600 SF
Class
B
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.1837867
Longitude
-85.4197429

FAQs

What type of property is this?
Retail property - High-Return Mixed-Use Investment
Where is the retail property located?
The property is located at 1107 Tillotson Ave Muncie, IN.
What is the asking price?
The asking price for this property is $1,150,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1107 Tillotson Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message