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Medical Office Space
For Lease
$15.50 SF/Yr

2106 W McGalliard Road, Muncie, IN 47304

COMMERCIAL FOR LEASE, Muncie, IN

Space SizeContact for details
Lot Size0.34 Acres
Days on Market144

Property Features for 2106 W McGalliard Road

General Information

Property type Residential
Property subtype Office
Subdivision Norwood
Directions GPS friendly
Standard status Active
APN 18-07-32-457-056.000-003
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description NORWOOD SEC C W35.4FT LOT 187 & E56.2FT LOT 188
Tax Annual Amount 4083
Legal Description NORWOOD SEC C W35.4FT LOT 187 & E56.2FT LOT 188

Utilities

Cooling system Central Air

Building Details

Year built 1978
Flooring type Mixed
Roof type Shingle
Listing Agency: RE/MAX Real Estate Groups · RE/MAX International
Listed By: Ryan Kramer · License #36824
Added: May 11 Changed: Sep 24 Last Checked: Oct 1 at 9:06PM
MLS# 202617655

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.

Investment Insights

Based on property information with market context.

The medical office layout includes a waiting room, reception area, four exam rooms, a physical therapy room, spa, nurse’s station, two restrooms, manager’s office, and private physician’s office or study. Central air and mixed flooring serve the space, which was built in 1978.

The property is part of the Norwood West Office Association at 2106 W McGalliard Road in Muncie. The existing room arrangement reflects its recent use as a medical office.

Key Highlights

  • Four exam rooms, a physical therapy room, and a spa
  • Waiting room, reception area, and nurse’s station
  • Two restrooms, manager’s office, and private physician’s office/study

Property Analytics

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Current Use

Indiana Foot & Ankle ... Physician Indiana Foot & Ankle ... Physician Allstate Insurance Agency

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Auto Parts Store Building Supply Pharmacy 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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47304, IN

30,366
Population
14,303
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
875
Density / Sq Mi
$67,756
Median Household Income
$33,077
Median Earnings
$951
Median Rent
$161,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • ARF's PAW Veterinary Clinic — 3115 W Bethel Ave, Muncie, IN 47304

Frequently Asked Questions

What type of property is this?
Medical Office Space - The existing configuration includes four exam rooms, a therapy room, and dedicated staff and administrative areas.
Where is this medical office space located?
The property is located at 2106 W McGalliard Road Muncie, IN.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Four exam rooms, a physical therapy room, and a spa; Waiting room, reception area, and nurse’s station; Two restrooms, manager’s office, and private physician’s office/study
More about this property
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