3206 Madison StMuncie, IN 47302

Property Details for 3206 Madison St

Year built

1964

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,465 SF

Property type

Turn key restaurants

APN

18-11-22-386-003.000-003

APU

181122386003000003

Description

This exceptional commercial property at 3206 S Madison Street, Muncie, Indiana, presents a unique investment opportunity. The main building is a fully operational bar featuring a complete kitchen and a modern Ansel System, ensuring efficient operations. Its prime location on a major south Muncie thoroughfare provides excellent visibility and accessibility. Ample off-street parking is available for patrons and staff. The open floor plan offers versatility, making it suitable for conversion into a restaurant or cafГ©, should the new owner desire. Adding significant value to this offering is an adjacent investment property included in the purchase price. This additional parcel presents multiple possibilities: it could serve as supplementary space for the bar or restaurant, generate rental income through lease, or be developed into additional parking areas to accommodate future growth. The property sits on a 0.23-acre lot. The asking price for this combined property is $275,000. This is a turnkey operation with significant potential for growth and profitability in a desirable location. The existing infrastructure and equipment provide a solid foundation for immediate success, while the adjacent property offers exciting possibilities for expansion and future development. This is an exceptional opportunity for an entrepreneur seeking a well-established business with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $372,829

  6.5%

  $344,150

  7%

  $319,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $294,984

  Geo Method

  $318,373

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $670,184

  Mixed-Use / Specialty

  $343,304

  Hospitality / Lodging

  $252,367

  Office

  $341,661

  Institutional / Educational

  $357,034

  Residential Income

  $417,729

  Multifamily

  $498,891

  Automotive / Energy

  $306,029

  Parking / Income-Based Land

  $105,231

  Restaurant / Food Service

  $179,368

  Healthcare / Senior Housing

  $351,661

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.1648

Longitude

-85.3813

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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