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Retail Space Near University
For Lease
$10 SF/Yr NNN

1520 W North St, Muncie, IN 47303

Versatile commercial space within Village Promenade, positioned in a mixed-use district serving students, residents, and visitors.

Space Size2,200 SF
Days on Market24

Property Features for 1520 W North St

General Information

Standard status Active
Size 2,200 SF
Net Rentable 2,200 SF
Lease Type NNN

Space & Availability

Available Space 2,200 SF
Contiguous Space 2,200 SF

Lease Terms

Lease Rate $10 /USD/SF/YR
Monthly Rent $1,833
Rent per SF/Year $10

Building Details

Year Built 2015
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Jacob Wagner · License #RB23000239
Source: Spencerchildersgroup
Added: Aug 5 Changed: Aug 28 Last Checked: Aug 28 at 3:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group

Investment Insights

Based on property information with market context.

This 2,200-square-foot retail space is located within Village Promenade at The Village at Ball State University. Built in 2015, the property is suited to retail, restaurant, service, professional office, and other customer-oriented commercial uses identified for the space. The lease structure is NNN.

The property is located at 1520 W North St in Muncie, adjacent to Ball State University's Revitalizing the Village initiative. New townhomes and single-family homes are under construction nearby, adding residential activity to the surrounding district. The area serves Ball State students and faculty along with local residents and visitors, placing the space within an established university-oriented commercial setting.

Key Highlights

  • 2,200‑square‑foot retail space within Village Promenade
  • Located at 1520 W North St, Muncie, IN 47303
  • Situated at The Village at Ball State University

Property Analytics

Current Use

CrossFit White River Gym & Fitness Center

Suggested Use

Top Pick Electrical Service Bakery HVAC Service Carpet & Flooring Store Computer & Electronic Repair Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

950
Businesses Nearby
16k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Shops & Services 27%
Jimmy John's Dining
3,812 visits/mo 0.1 miles
Greek's Pizzeria Dining
3,494 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
3,187 visits/mo 0.1 miles
China Express Dining
2,639 visits/mo 0.2 miles
Marathon Petroleum Shops & Services
1,180 visits/mo 0.3 miles

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value

Market

Lease Benchmarks for Muncie, IN

$13.06 /SF/Yr
Avg Asking Price
$10–$20 /SF/Yr
Price Range
12,491 SF
Avg Space Size

This space is priced 23% below the average of $13.06 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Versatile commercial space within Village Promenade, positioned in a mixed-use district serving students, residents, and visitors.
Where is this retail space located?
The property is located at 1520 W North St Muncie, IN.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 2,200‑square‑foot retail space within Village Promenade; Located at 1520 W North St, Muncie, IN 47303; Situated at The Village at Ball State University
More about this property
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