2405 MacedoniaMuncie, IN 47302

  • Turn key restaurants
  • 0.51 AC
Off market
$5,088,750 Estimated

Property Details for 2405 Macedonia

Year built
1994
Lot size
0.51 AC
Property type
Turn key restaurants
APN
18-11-22-278-014.000-003
APU
181122278014000003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,571,688
    6.5%
    $4,220,019
    7%
    $3,918,589
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,904,210
    Geo Method
    $6,924,214
  • Alternative Use

    Use
    Valuation
    Residential
    $3,559,744
    Hospitality
    $3,260,706
    Educational
    $2,712,870
    Medical
    $2,806,169
    Retail
    $4,220,019
2405 Macedonia, Muncie, Indiana

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.173
Longitude
-85.3677
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
$1,867
$17,900
$22,400
$40,300
-
$17,900
$22,400
$40,300

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