2006 Walnut StMuncie, IN 47303

Property Details for 2006 Walnut St

Year built

1947

Construction

TYPE NOT SPECIFIED

Lot size

8.26 AC

Property size (Sq ft)

47,344 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

18-11-03-351-005.000-003

APU

181103351005000003

Description

This exceptional 47,344 square foot former Marsh Supermarket, located at 2006 N Walnut St in Muncie, Indiana, presents a unique opportunity for a variety of commercial ventures. Situated on an expansive 8.2-acre lot, the single-story building boasts significant potential for redevelopment. Currently zoned II - Intense Industrial (APN: 18-11-03-351-005.000-003), this property offers flexibility for diverse uses. A substantial 31,000 square feet of space is currently vacant, providing ample room for customization. The existing infrastructure includes four loading docks, along with walk-in coolers and freezers, which could be repurposed or removed. Additional square footage is available in a mezzanine space

• CAP approach

  CAP return

  Valuation

  6%

  $9,785,096

  6.5%

  $9,032,396

  7%

  $8,387,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,623,956

  Geo Method

  $14,816,721

• Alternative Use

  Use

  Valuation

  Residential

  $7,619,164

  Hospitality

  $6,979,114

  Educational

  $5,806,540

  Medical

  $6,006,236

  Retail

  $9,032,396

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.2102

Longitude

-85.3858

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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