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    4917 N Wheeling Ave Muncie, IN 47304

    Pending
    For Sale
    $605,000

    Commercial Land - Muncie, IN

    Lot size:
    5.37 Acres
    Days on Market:
    137
    Last Refresh:
    Dec 8 at 8:06 am

    Property Features for 4917 N Wheeling Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R2
    APN
    18-07-29-451-003.000-007
    Lot size
    5.37 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Jul 25, 2025

    MLS# 202516299 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Muncie Commercial Land For Sale

    This 5.37-acre corner lot is available at the intersection of Wheeling Avenue and Riggin Road in Northwest Muncie. Zoned R2, the property is suitable for commercial development due to its location at the intersection of two arterial roads. Situated at a lighted intersection, it is across from Country Village Shopping Center, which houses a Speedway Convenience/Gas Station, Dollar General, Dillman's Furniture, Clancy's Bowling Center, Knights of Columbus Bingo, and other businesses. A newly constructed Child Daycare facility is located just north of the property. Wheeling Avenue is a highly traveled road connecting large subdivisions and State Road 28 to Ball State University and Downtown Muncie. A drainage ditch runs along the west side of the property, with approximately 0.72 acres of the site near the ditch located in a flood zone. There is a small garage on the north side of the lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.412184
    Latitude
    40.234349

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    FAQs

    What type of property is this?
    Commercial land - 5.37 acre corner lot ideal for commercial development.
    Where is this commercial land located?
    The property is located at 4917 N Wheeling Ave Muncie, IN.
    What is the asking price?
    The asking price for this property is $605,000.
    What are key features of this property?
    This property features: - Prime 5.37-acre corner lot ideal for commercial development.; - Located at a lighted intersection of Wheeling Avenue and Riggin Road.; - High-traffic location on Wheeling Avenue, connecting subdivisions and State Road 28 to Ball State University and Downtown Muncie.
    (765) 289-2228
    Request Owner's contact information
    4917 N Wheeling Ave Muncie, IN 47304
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    Muncie, IN 47304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4917 N Wheeling Ave Muncie, IN 47304
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