For Sale
$695,000

625 Tillotson Ave Muncie, IN 47304

12-Unit Retail/Office, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Highlights

  • Excellent location near Ball State University and IU Health.
  • Brand new roofs installed in 2024.
  • 100% occupancy with strong tenant demand.

Property Details for 625 Tillotson Ave

Property type
Retail properties, Land
Square Feet
10,728 SF
Year Built
1961
Buildings
3
Stories
1
Units
12

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.188536629115
Longitude
-85.419258280747

FAQs

What type of property is this?
Retail property - 12-Unit Retail/Office, High Occupancy
Where is the retail property located?
The property is located at 625 Tillotson Ave Muncie, IN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Excellent location near Ball State University and IU Health.; Brand new roofs installed in 2024.; 100% occupancy with strong tenant demand.
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.
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625 Tillotson Ave
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