3008 Walnut StMuncie, IN 47303

Property Details for 3008 Walnut St

Year built

1971

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

7,200 SF

Property type

Showrooms

APN

18-11-03-151-012.000-003

APU

181103151012000003

Description

This exceptional investment opportunity presents a two-building industrial property located at 3008 N Walnut St, Muncie, Indiana, 47303. The property encompasses a total of 17,225 square feet situated on a 3.43-acre lot (APN: 18-11-03-151-059.000-003). Currently operating at 100% occupancy, this single-tenancy property offers a compelling return. The property is zoned for Variety Business & Intense Industrial use, providing flexibility for a range of potential uses. The complex comprises two single-story buildings. The front building, ideal for contractor retail use, offers 7,200 square feet of space. The rear building, currently utilized as a parts warehouse, provides an additional 10,025 square feet. This property is an excellent choice for investors seeking a stable, high-occupancy industrial asset in a desirable location. The asking price is $699,900, translating to a price per square foot of $40.63. This property offers a unique blend of retail and warehouse space, making it a versatile and attractive investment opportunity. The Delaware County location provides easy access to major transportation routes, further enhancing its appeal. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,574,154

  6.5%

  $1,453,066

  7%

  $1,349,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,753,407

  Geo Method

  $2,253,303

• Alternative Use

  Use

  Valuation

  Residential

  $1,225,715

  Hospitality

  $1,122,748

  Educational

  $934,114

  Medical

  $966,239

  Retail

  $1,453,066

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.2183

Longitude

-85.3865

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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