613 Mcgalliard RdMuncie, IN 47303

Property Details for 613 Mcgalliard Rd

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

0.16 AC

Property size (Sq ft)

5,400 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

18-11-03-177-009.000-003

APU

181103177009000003

Description

This exceptional retail opportunity presents a 1,200 square foot space available for lease within a 5,400 square foot multi-tenant freestanding building in Muncie, Indiana. Located on East McGalliard Road, this property enjoys a high-visibility position in Muncie's main retail corridor, directly adjacent to a Super Target and sharing the strip center with T-Mobile. The building, constructed in 2007, features a single story and offers ample parking with 25 spaces. The available space is easily divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 1,200 square feet. However, larger spaces can be combined for a total of 4,200 square feet. Benefit from excellent access via a signalized intersection and the opportunity for prominent monument signage. This location boasts significant foot traffic, with a daytime population exceeding 130,000 within a 5-mile radius, and is conveniently situated just 1.5 miles from Ball State University, adding to the substantial daytime population of over 22,500 students. The property sits on a 0.48-acre lot and has a total of one suite. Its proximity to central Indianapolis (65 miles) further enhances its appeal. The property's parcel numbers are 1103177009000, 1103177018000, and 1103177010000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,180,676

  6.5%

  $1,089,855

  7%

  $1,012,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,314,807

  Geo Method

  $1,689,978

• Alternative Use

  Use

  Valuation

  Residential

  $919,334

  Hospitality

  $842,105

  Educational

  $700,621

  Medical

  $724,717

  Retail

  $1,089,855

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.2187

Longitude

-85.38

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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