614 E Streeter Ave

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30844413
Building Size (RSF): 4,576 SF
Gross Land Area: 0.95 Acres
Sale Price: $229,000
Unit Price: $50.04 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/7/2023

Overview / Comments

4 Unit commercial building with 2 office spaces (one is currently converted to a residence) and 2 residential units. 3 units are located on main level and 1 unit is located on upper level. Building also offers huge storage space with overhead door, large paved parking lot (approximately 24 spaces), and almost an acre of ground in total. The two lots west of the building are zoned to build up to 4 unit structures. Three of the 4 units are currently leased. Lease information and details are available upon request. Property offers quick access to downtown Muncie, McGalliard Rd, and Muncie ByPass.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $2,760 (Annual)
Tax Value Land $18,900
Tax Value Improvements $80,400
Assessed Value - Total($) $99,300 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $2,915 (Annual)
Tax Value Land $25,600
Tax Value Improvements $79,300
Assessed Value - Total($) $104,900 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $2,882 (Annual)
Tax Value Land $27,500
Tax Value Improvements $68,600
Assessed Value - Total($) $96,100 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $2,772 (Annual)
Tax Value Land $27,500
Tax Value Improvements $64,900
Assessed Value - Total($) $92,400 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $3,018 (Annual)
Tax Value Land $27,500
Tax Value Improvements $73,100
Assessed Value - Total($) $100,600 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-03-326-012.000-003
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1914
Year Renovated: 1994
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT N SD NE QTR NW QTR W OF TPK S03 T20 R10 0.330 AC 3-75 W OF TPK PC N SD NE QTR S03 T20 R10 0.180 AC PT N SD NE QTR SE QTR W OF T K S03 T20 R10 0.200 AC PT N SD NE QTR SW QTR W OF TPK S03 T20 R10 0.240 AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,333 64,073 87,427
Median Age: 33.17 33.94 35.99
Households: 3,620 24,930 34,687

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