5100 Bradburn DrMuncie, IN 47304

Property Details for 5100 Bradburn Dr

Year built

1936

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

8,112 SF

Property type

Office properties

APN

18-10-01-276-018.000-016

APU

181001276018000016

Description

This exceptional commercial property, situated at 5100 W Bradburn Drive in Muncie, Indiana, presents a unique investment opportunity. Boasting a prime location with excellent visibility from McGalliard, this building offers a substantial 27 office spaces, perfect for a variety of business needs. The property includes a welcoming waiting room, two well-appointed conference rooms, a versatile community room, and three restrooms for the convenience of occupants and clients. A unique feature is the inclusion of a dedicated tanning room. A finished basement provides additional space, including a small kitchen area, ideal for staff or tenant use. Ample parking is ensured with 32 designated spaces. Further enhancing the property's utility is an 8x10 storage shed, providing secure storage solutions. The property sits on a desirable 0.67-acre lot located on a quiet cul-de-sac, offering both privacy and accessibility. The asking price for this well-maintained and versatile commercial building is $325,000. This presents a rare opportunity to acquire a substantial and well-equipped commercial property in a highly visible and convenient location. The property's numerous features and ample parking make it an ideal choice for a variety of businesses seeking a comfortable and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $1,074,719

  6.5%

  $992,048

  7%

  $921,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $933,244

  Geo Method

  $1,007,429

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,140

  Hospitality

  $1,126,801

  Educational

  $937,486

  Medical

  $969,727

  Retail

  $1,458,311

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.217

Longitude

-85.4452

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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