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    705 E Mcgalliard Rd Muncie, IN 47303

    For Sale
    $450,000

    Retail - Muncie, IN

    Type:Retail
    Lot size:
    0.75 Acres
    Days on Market:
    129
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 705 E Mcgalliard Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    BV and R3
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    18-11-03-178-005.000-003
    Interior features
    Drywall, Living Space
    Exterior features
    Living Space
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Expense value
    256
    Expense
    Other

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1954
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Vinyl
    Roof type
    Asphalt
    Architectural style
    Other

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

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

    Listing date Jul 30, 2025

    MLS# 202529957 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 Retail Redevelopment Opportunity

    This property features frontage on McGalliard Road and comprises a 0.75 acre lot with income generated from a billboard. The site is positioned as a prime redevelopment parcel, located adjacent to and across from various retail establishments. It is situated across from the Muncie Mall, which is undergoing redevelopment with new ownership. The property includes four lots, with the two front lots on McGalliard being vacant except for the billboard, which provides an annual income of $3500. The two rear lots are located on Dunn Ave and each has a residential rental property. The zoning is BV and R3. The property is located in Muncie, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.378533
    Latitude
    40.218721

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    FAQs

    What type of property is this?
    Retail property - 0.75 acre lot with billboard income on McGalliard Road.
    Where is this retail property located?
    The property is located at 705 E Mcgalliard Rd Muncie, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime redevelopment parcel on McGalliard Road.; - Billboard generates $3500 annual income.; - Located across from the soon-to-be redeveloped Muncie Mall.
    (765) 289-2228
    Request Owner's contact information
    705 E Mcgalliard Rd Muncie, IN 47303
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    705 E Mcgalliard Rd Muncie, IN 47303
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