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Freestanding Restaurant with Dual Drive-Through

400 South Madison Street, Muncie, IN 47305

For Lease
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Restaurant improvements and BV – Variety Business zoning support food service, retail, service, or other commercial uses.

Space Size768 SF
Lot Size0.67 Acres
Days on Market40

Property Features for 400 South Madison Street

General Information

Standard status Active
Size 768 SF
Net Rentable 768 SF
Total Parking Spaces 13
Lot size 0.67 Acres
Property subtype Retail, Restaurant
Zoning BV

Space & Availability

Available Space 768 SF
Contiguous Space 768 SF
Space Use Drive-Through Restaurant

Site & Location

Corner Location Yes
Drive-Thru Yes
Pylon Signage Yes
Traffic Count 14,322 vehicles/day
Road Access Yes

Restaurant

Patio Yes
Second-Generation Restaurant Yes

Building Details

Building Size 768 SF
Tenancy Single

Spaces For Lease

at 400 South Madison Street
Space 1 Active
Size 768 SF
Contact us
Listing Agency: NAI Global
Listed By: Anna Konrath · License IN RB23000150
Source: Crexi
Added: Oct 2 Changed: Nov 8 Last Checked: Nov 10 at 8:07AM

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 NAI Global

Rey
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Investment Insights

Based on property information with market context.

This freestanding restaurant property occupies approximately 0.67 acres and includes a 768 SF building with a commercial kitchen area. The site has a dual drive-through, outdoor seating, pylon signage, and approximately 13 parking spaces. Two ingress and egress points serve the property, which fronts three roadways.

South Madison Street frontage carries approximately 14,322 vehicles per day. The property sits at a signalized intersection across from McDonald’s and is approximately 0.2 miles from Main Street. Ball State University and IU Health Ball Memorial Hospital are each within approximately two miles; the university has 22,000+ students, and the hospital has 314 beds.

Zoned BV – Variety Business, the property is identified for restaurant, retail, service, or other commercial uses.

Key Highlights

  • Approximately 0.67‑acre site with a 768 SF freestanding restaurant building
  • Dual drive‑through, outdoor seating area, commercial kitchen area, and approximately 13 parking spaces
  • Frontage on three roadways, including South Madison Street, with approximately 14,322 vehicles per day

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Rally's Restaurant

Suggested Use

Top Pick Dental Office Cafe & Coffee Shop Parking Lot & Garage Food Market Storage Facility Computer & Electronic Repair

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

14,322 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,121
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 29% Hotels & Casinos 16%
McDonald's Dining
23,291 visits/mo 0.0 miles
Courtyard Muncie At Horizon Convention Center Hotels & Casinos
8,366 visits/mo 0.4 miles
Rally's Dining
5,247 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
5,212 visits/mo 0.4 miles
STAR Financial Bank Shops & Services
3,063 visits/mo 0.5 miles

Demographics for 47305, IN

3,629
Population
2,512
Households
1.4
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
1.3 sq mi
ZIP Area
2,792
Density / Sq Mi
$33,125
Median Household Income
$30,648
Median Earnings
$744
Median Rent
$77,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Drive through restaurant - Restaurant improvements and BV – Variety Business zoning support food service, retail, service, or other commercial uses.
Where is this drive through restaurant located?
The property is located at 400 South Madison Street Muncie, IN.
What are key features of this property?
This property features: Approximately 0.67‑acre site with a 768 SF freestanding restaurant building; Dual drive‑through, outdoor seating area, commercial kitchen area, and approximately 13 parking spaces; Frontage on three roadways, including South Madison Street, with approximately 14,322 vehicles per day
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