Redevelopment Land with Billboard
For Sale
$450,000
705 E McGalliard Road, Muncie, IN 47303
COMMERCIAL, Muncie, IN
Property SizeContact for details
Lot Size0.75 Acres
Days on Market389
Property Features for 705 E McGalliard Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
BV and R3
Subdivision
Granville Park
Directions
Walnut to McGalliard east to the property
Standard status
Active
APN
18-11-03-178-005.000-003
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
24
Tax Description
Granville Park Addition Lots 37,36, 31 and 30 Parcel 4 ID#--18-11-03-178-011.000-003
Tax Annual Amount
7400
Legal Description
Granville Park Addition Lots 37,36, 31 and 30 Parcel 4 ID#--18-11-03-178-011.000-003
Building Details
Year built
1954
Flooring type
Tile, Vinyl, Carpet
Roof type
Asphalt
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Jul 30, 2025
Changed: Aug 19
Last Checked: Aug 22 at 9:06PM
MLS# 202529957
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 offering is a four-lot commercial land parcel totaling approximately 0.75 acres, with frontage on McGalliard Road and two additional lots located on Dunn Ave. The two lots fronting McGalliard are vacant aside from an on-site billboard. The billboard currently generates stated annual income of $3,500. The two rear lots each include a residential rental property, with interior access available upon an accepted offer during the due diligence period.
The property has McGalliard Road frontage and is positioned adjacent to other retail uses, as described in the remarks. The site is also noted as being across from the soon-to-be redeveloped Muncie Mall, which has new owners.
For buyers evaluating redevelopment, the front lots can be purchased without the rental properties, or the full four-lot configuration can be acquired together with the existing residences. The current rentals are described as being leased at $1,000 per month per home. This combination of billboard income, rental cash flow, and a multi-lot land layout may appeal to operators or investors seeking flexibility in how they structure a redevelopment plan.
The property has McGalliard Road frontage and is positioned adjacent to other retail uses, as described in the remarks. The site is also noted as being across from the soon-to-be redeveloped Muncie Mall, which has new owners.
For buyers evaluating redevelopment, the front lots can be purchased without the rental properties, or the full four-lot configuration can be acquired together with the existing residences. The current rentals are described as being leased at $1,000 per month per home. This combination of billboard income, rental cash flow, and a multi-lot land layout may appeal to operators or investors seeking flexibility in how they structure a redevelopment plan.
Key Highlights
- 0.75‑acre parcel with McGalliard Road frontage and 4 lots total
- Billboard on the two McGalliard‑fronting vacant lots generates $3,500 in annual income
- Two additional lots on Dunn Ave each include a residential rental property
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Four-lot parcel with McGalliard frontage and existing billboard revenue plus two leased residential rentals.
Where is this single family property located?
The property is located at 705 E McGalliard Road Muncie, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.75‑acre parcel with McGalliard Road frontage and 4 lots total; Billboard on the two McGalliard‑fronting vacant lots generates $3,500 in annual income; Two additional lots on Dunn Ave each include a residential rental property
