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Retail Space at Village Promenade
For Lease
$10 SF/Yr

1520 W North Street, Muncie, IN 47303

COMMERCIAL FOR LEASE, Muncie, IN

Space Size2,200 SF
Lot Size0.15 Acres
Days on Market93

Property Features for 1520 W North Street

General Information

Property type Residential
Property subtype Retail
Parking features Off Street
Directions Heading South on Tillotson, turn left onto University Ave, turn right onto Dicks Street, then Right on North Street. Space is on the right.
Subdivision Delaware County
Standard status Active
APN 18-11-09-310-006.000-003
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 51
Tax Description H C M ADD Lot 11 BLK 8 STR: 092010
Tax Annual Amount 3932
Legal Description H C M ADD Lot 11 BLK 8 STR: 092010

Utilities

Cooling system Central Air

Building Details

Year built 2015
Roof type Flat
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Jacob Wagner · License #RB23000239
Added: Jul 16 Changed: Sep 22 Last Checked: Oct 16 at 5:06PM
MLS# 202628510

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

Available for lease at Village Promenade, this 2,200-square-foot retail space was built in 2015 and offers a practical setting for customer-oriented commercial operations. The property includes central air, off-street parking, and a flat roof, with the space positioned within The Village at Ball State University.

The property is located at 1520 W. North Street in Muncie and sits adjacent to Ball State University's “Revitalizing the Village” initiative. New townhomes and single-family homes are under construction nearby as part of the surrounding district's continued development. The setting serves students, faculty, residents, and visitors, with potential applications identified in the source information including retail, restaurant, service, and professional office uses.

Key Highlights

  • 2,200‑square‑foot retail space available for lease
  • Built in 2015 with a flat roof
  • Located within Village Promenade in The Village at Ball State University

Property Analytics

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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
$1.50 /SF/Yr
CAM

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
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Market

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Central air and off-street parking support commercial use within a mixed-use district serving the Ball State University area.
Where is this retail space located?
The property is located at 1520 W North Street 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 available for lease; Built in 2015 with a flat roof; Located within Village Promenade in The Village at Ball State University
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