613 Mcgalliard RdMuncie, IN 47303

  • Retail properties
  • 5,400 SF
For Lease

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
613 Mcgalliard Rd, Muncie, Indiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,757
$91,100
$423,000
$514,100
-
$91,100
$423,000
$514,100

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