6260 Mcgalliard RdMuncie, IN 47304

  • Outlet malls
  • 211,312 SF
For Lease

Property Details for 6260 Mcgalliard Rd

Year built
1994
Construction
TYPE NOT SPECIFIED
Lot size
22.86 AC
Property size (Sq ft)
211,312 SF
Property type
Outlet malls
APN
18-06-36-351-001.000-043
APU
180636351001000043

Description

This exceptional retail opportunity is located inside a high-traffic Meijer store in Muncie, Indiana, at 6260 W McGalliard Rd, zip code 47304, Delaware County. The space totals 1,089 square feet, with 489 square feet currently vacant. This "Store-Within-A-Store" concept offers a prime, front-of-store location providing unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. The space benefits from strategic placement for maximum customer interaction and includes both interior and exterior signage opportunities. This location is situated in a thriving trade area with a desirable customer base. The property is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. This is a unique opportunity to position your business within one of the Midwest's most well-known retail destinations. The property is classified as retail, with multiple tenancies.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $41,151,812
    6.5%
    $37,986,288
    7%
    $35,272,980
  • Comparable approach

    Method
    Valuation
    Relative Method
    $61,266,976
    Geo Method
    $66,131,948
  • Alternative Use

    Use
    Valuation
    Residential
    $32,042,856
    Hospitality
    $29,351,084
    Educational
    $24,419,756
    Medical
    $25,259,590
    Retail
    $37,986,288
6260 Mcgalliard Rd, Muncie, Indiana

Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.2216
Longitude
-85.4592
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
$214,148
$1,791,300
$4,626,200
$6,417,500
-
$1,791,300
$4,626,200
$6,417,500

FAQs

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