Listed by Coldwell Banker Commercial Lunsford Real Estate, Coldwell Banker Commercial Real Estate Group
$3,400,000
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.
Listing Contacts
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
$--
$--
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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