1107 Tillotson AveMuncie, IN 47304

For Sale
$1,150,000

High-Return Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 12,600 square foot mixed-use property, located at 1107 S Tillotson Ave in Muncie, Indiana (APN: 11-17-305-025.000), presents a compelling owner-user opportunity. Currently zoned BV- VARIETY BUSINESS, this Class B building sits on a generous 1.17-acre lot and offers significant potential for diverse uses. The asking price is $1,150,000, translating to a price per square foot of $91.27. The property's versatility is highlighted by the owner's willingness to lease 10,000 square feet of space, ideally suited for medical use, at a rate of $12.50 per square foot per year, NNN. This attractive lease option provides a strong potential for passive income alongside the ownership benefits. The property's prime location in Muncie, Delaware County, Indiana (zip code 47304), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial mixed-use property with immediate income potential and significant upside in a thriving Indiana market. The property's size and zoning allow for a variety of uses, making it an ideal investment for both established businesses and forward-thinking entrepreneurs. Serious inquiries are encouraged to explore this unique investment opportunity further.

Property Details for 1107 Tillotson Ave

Property type
Other retail properties, Other mixed-use properties
Square Feet
12,600 SF
Class
B
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.1837867
Longitude
-85.4197429
1107 Tillotson Ave, Muncie, Indiana

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1107 Tillotson Ave
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