4801 N Wheeling Avenue, Muncie, IN 47304
COMMERCIAL - Muncie, IN
- Added:
- Jan 3, 2026
- Days on Market:
- 180
- Last Refresh:
- Jul 2 at 5:06 am
Property Features for 4801 N Wheeling Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking features
- Off Street
- Standard status
- Active
- APN
- 18-07-32-203-013.000-003
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Description
- S32 T21 R10 0.550 AC
- Tax Annual Amount
- 3831
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Flooring type
- Tile, Carpet
Listing agent Brian Allardt License #RB14013784 (765) 808-1400
Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN (765) 289-2228
Listing date Jan 3, 2026
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.
HighLights
- 1,600 SF versatile commercial building for sale or lease
- Drive‑thru feature and prominent outdoor signage
- Central air and tile and carpet flooring
- Off‑street parking with a vault
- Built in 1970; originally a bank branch, later operated as a USPS substation (“The Mailroom”)
- Out lot to a shopping center with tenants including Dilman’s Furniture, Dollar General, and Speedway
Overview
The building sits on a 0.55-acre site and is described as an out lot to a shopping center with a range of established businesses. Reported nearby tenants include Dilman’s Furniture, Dollar General, and Speedway, and the property is noted as being located in a Major Trading Zone. Access and parking are described as readily available for customers.
For tenants, buyers, and operators, the combination of drive-thru functionality, outdoor visibility, and off-street parking can support both transaction-based retail and service-oriented office uses. The presence of a vault may also be relevant for concepts that require controlled storage. The prior history as a financial branch and USPS substation may appeal to users looking for a ready-to-adapt, customer-service-oriented commercial setting.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $24.96 |
| − Vacancy | −$1.8k | −$1.10 |
| EGI | $38.2k | $23.86 |
| − OpEx | −$9.5k | −$5.97 |
| NOI | $28.6k | $17.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.410996
- Latitude
- 40.23261
