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Retail Space with Drive-Through
New
For Lease
$1,800/Mo

4801 N Wheeling Avenue, Muncie, IN 47304

COMMERCIAL FOR LEASE, Muncie, IN

Space Size1,600 SF
Lot Size0.55 Acres
Days on Market1

Property Features for 4801 N Wheeling Avenue

General Information

Property type Residential
Property subtype Retail
Directions From McGalliard Rd heading East, turn left onto Wheeling Ave, property on left side
Subdivision Delaware County
Standard status Active
APN 18-07-32-203-013.000-003
Lot size 0.55 Acres

Taxes and HOA fees

Tax Year 49
Tax Description S32 T21 R10 0.550 AC
Tax Annual Amount 3831
Legal Description S32 T21 R10 0.550 AC

Utilities

Cooling system Central Air

Amenities

prominent outdoor signage

Building Details

Year built 1970
Flooring type Carpet
Roof type Flat
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Added: Aug 22 Last Checked: Aug 22 at 8:06PM
MLS# 202634475

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.

This 1,600-square-foot retail space includes a drive-through, outdoor signage, and a flexible interior that can accommodate retail, office, or food service operations. Carpet flooring, central air, and a flat roof are among the existing property features. The building was constructed in 1970 and occupies a 0.55-acre site.

Located at 4801 N Wheeling Avenue in Muncie, the property provides ample parking and direct drive-through functionality. Its combination of adaptable commercial space, signage, and parking supports a range of potential retail-oriented configurations.

Key Highlights

  • 1,600 SQFT retail space with drive‑through
  • 0.55‑acre commercial site
  • Outdoor signage included

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy

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
$2.03 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

183
Businesses Nearby
30k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 78% Dining 22%
Speedway Shops & Services
10,198 visits/mo 0.1 miles
Pizza King Dining
6,666 visits/mo 0.5 miles
Shell Shops & Services
6,263 visits/mo 0.4 miles
Dollar General Shops & Services
5,852 visits/mo 0.1 miles
Storage Rentals of America Shops & Services
671 visits/mo 0.5 miles

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

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 3% above 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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial space offers drive-through access, outdoor signage, and ample parking for multiple business formats.
Where is this retail space located?
The property is located at 4801 N Wheeling Avenue Muncie, IN.
What is the lease rate?
The lease rate is $1,800/Mo.
What are key features of this property?
This property features: 1,600 SQFT retail space with drive‑through; 0.55‑acre commercial site; Outdoor signage included
More about this property
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