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31090067
31090066

800 S Tillotson Avenue, Muncie, IN 47303

JW
IN IN RB23000239
Coldwell Banker Commercial Lunsford Real Estate
BA
IN RB14013784, IN
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Lunsford Real Estate, Coldwell Banker Commercial Real Estate Group
$3,400,000
170 days on market
Updated 14 days ago

800 S Tillotson Avenue

Details
APN 18-11-17-182-002.000-003
Property Type Special Purpose
Sub Type Other
Square Footage 32,557
Net Rentable (SqFt) 14,270
Cap Rate 8.89%
NOI $302,455
Occupancy 56.17%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 12.90%
Pro-Forma NOI $438,497
Price per SqFt $104
Year Built 1971
Year Renovated 2003/2014
Buildings 1
Stories 1
Acreage 3.420
Zoning BV Variety Business
Tenant Credit Credit Rated
Occupancy Date 12/17/2025
Sale Condition For sale by owner

Medical Office- 8.89% Cap Rate - Credited Tenants

Marketing description

Discover a unique opportunity along one of Muncies most scenic and well-traveled corridors. Located on White River Blvd and Tillotson Avenue, this property benefits from excellent visibility, strong traffic flow, and immediate access to both commercial amenities and recreational attractions. The site sits near the White River Greenway, a major multi-use trail system, offering a balance of accessibility and natural appeal that is rare in the market. The surrounding area includes established residential neighborhoods, medical offices, professional services, local retailers, and parks, making this an ideal location for a wide range of users. Its position provides convenient connectivity to downtown Muncie, Ball State University, IU Health Ball Memorial Hospital, and major east-west city routes. This Property is has a mix of second gen space ready for clinic use and lap equipment along with warm lit shell space for new buildout. This is a strong opportunity for an owner-user, investor, or developer looking for a well-positioned site in a steady, growing area of Muncie.
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Listing Contacts

JW
IN IN RB23000239
Coldwell Banker Commercial Lunsford Real Estate
BA
IN RB14013784, IN
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Lunsford Real Estate, Coldwell Banker Commercial Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$302,455.00
$25,204.58/mo

Valuation Metrics

0
DSCR
8.9%
Cap Rate
8.9%
ROI

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Additional Information

Name
Jacob Wagner
License
IN RB23000239
Brokerage
Coldwell Banker Commercial Real Estate Group
Brokerage Phone
7652892228
Title
Commercial Real Estate Broker
Name
Brian Allardt
License
RB14013784
Brokerage Address
400 North High Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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