3301 Madison StMuncie, IN 47302

Property Details for 3301 Madison St

Year built

1988

Construction

WOOD

Lot size

0.70 AC

Property size (Sq ft)

2,344 SF

Property type

Office properties

APN

18-11-27-102-014.000-003

APU

181127102014000003

Description

This exceptional Class A, 2,344 square foot freestanding retail building, located at 3301 S Madison St in Muncie, Indiana, presents a unique investment opportunity. Built in 1988, this single-tenant property sits on a single story building and is zoned BV - VARIETY BUSINESS (APN: 18-11-27-102-014.000-003 in Delaware County). The entire space (2,344 sq ft) is currently vacant and ready for immediate occupancy. The previous tenant was a bank, and the interior has been significantly updated. Improvements include the removal of teller lines and cabinetry, along with new flooring and fresh paint, creating a highly versatile and attractive office space. The property's location in Muncie offers excellent visibility and accessibility, making it ideal for a variety of retail or commercial uses. This is a rare chance to acquire a well-maintained, move-in ready building in a desirable location. The property's single-story design and ample square footage provide flexibility for various business needs. Its convenient location and recent renovations make it an attractive option for businesses seeking a turnkey solution. The property's Class A designation reflects its high quality and modern amenities. This is a prime opportunity to establish a strong presence in a thriving Muncie market.

• CAP approach

  CAP return

  Valuation

  6%

  $305,877

  6.5%

  $282,348

  7%

  $262,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $291,101

  Geo Method

  $291,101

• Alternative Use

  Use

  Valuation

  Residential Income

  $350,111

  Hospitality / Lodging

  $320,700

  Institutional / Educational

  $266,818

  Healthcare / Senior Housing

  $275,995

  Retail / Commercial

  $415,051

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.1635

Longitude

-85.3822

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].