705 E McGalliard Road, Muncie, IN 47303

Building Details

Year built

1954

Flooring type

Vinyl, Carpet, Tile

Roof type

Asphalt

Listing agent Brian Allardt License #RB14013784 Show Phone

Listing office Coldwell Banker Real Estate Group s***@coldwellhomes.com 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN Show Phone

Listing date Jul 30, 2025

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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.

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Overview

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.

Suggested Use

Law Firm Real Estate Agency Hotel & Motel HVAC Service Nursing Home Wine and Liquor Store Travel Agency Acupuncture Nursing Home Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Muncie

County

Delaware

State

Indiana

Longitude

-85.378533

Latitude

40.218721

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FAQs

What type of property is this?

Commercial land - Four-lot parcel with McGalliard frontage and existing billboard revenue plus two leased residential rentals.

Where is this commercial land 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