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800 S Tillotson Ave 800 S Tillotson Ave 32,235 SF 56% Leased Office Building Muncie, IN 47304 $3,400,000 ($105.48/SF) 8.89% Cap Rate



EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
32,235 SF
Building Class
B
Year Built/Renovated
1971/2014
Price
$3,400,000
Price Per SF
$105.48
Cap Rate
8.89%
NOI
$302,260
Percent Leased
56%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
32,235 SF
Building FAR
0.21
Lot Size
3.50 AC
Zoning
Variety Business Zone - VBZ; Variety Business Zone
Parking
181 Spaces (5.62 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 4
- 3,499 SF
- Office/Medical
- Full Build-Out
- Now
- 1st Fl-Ste 5
- 3,531 SF
- Office/Medical
- Full Build-Out
- Now
- 1st Fl-Ste 6
- 6,613 SF
- Office/Medical
- Full Build-Out
- Now
- 1st Fl-Ste 7
- 627 SF
- Office/Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 4 | 3,499 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 5 | 3,531 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 6 | 6,613 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 7 | 627 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 4
| Size |
| 3,499 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 5
| Size |
| 3,531 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 6
| Size |
| 6,613 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 7
| Size |
| 627 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 18-11-17-182-002.000-003 | Improvements Assessment | $3,185,600 |
| Land Assessment | $774,700 | Total Assessment | $3,960,300 |
PROPERTY TAXES
Parcel Number
18-11-17-182-002.000-003
Land Assessment
$774,700
Improvements Assessment
$3,185,600
Total Assessment
$3,960,300
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800 S Tillotson Ave | 800 S Tillotson Ave
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