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    426 Mcgalliard Rd Muncie, IN 47303

    For Lease
    $12 SF/Yr

    Prime Muncie Retail Space Available

    Lot size:
    13,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    McGalliard Square, a two-story retail strip center totaling 13,872 square feet, presents a unique investment opportunity in Muncie, Delaware County. Strategically located just east of Walnut Street and west of the Muncie Mall, this property enjoys high visibility and convenient access. Currently, 1,500 square feet of retail space is available for lease within the single building. The available space features existing pegboard on the walls and benefits from prominent frontage on McGalliard Road, ensuring excellent exposure to high traffic volume. The property's address is identified by APN 0734360021000. This location offers a strong potential for a variety of retail businesses, capitalizing on its proximity to the mall and established commercial corridor. The previous tenant was Muncie Automotive Paint. The property is situated on a 0-acre lot and offers a versatile space ready for immediate occupancy. This is an exceptional opportunity to establish a presence in a thriving retail area with significant foot traffic and visibility. The building's total square footage is 13,872 square feet, spread across two stories. Serious inquiries are encouraged to explore this promising retail investment.

    Property Features for 426 Mcgalliard Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,872 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 400
    Size
    21,344 SF
    Rate per SF
    $12

    HighLights

    • Retail strip center totaling 13,872 square feet.
    • One building, two stories.
    • 1,500 square feet of vacant space available.
    • Located in Delaware County, APN 0734360021000.
    • Situated on McGalliard Road, near Walnut Street and Muncie Mall.
    • One available space features pegboard walls and high visibility from McGalliard Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Foreman's Karate and Fitness Karate School Dandee Vending Vending Machine Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3824759
    Latitude
    40.2194692

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Muncie Retail Space Available
    Where is this neighborhood center located?
    The property is located at 426 Mcgalliard Rd Muncie, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Retail strip center totaling 13,872 square feet.; One building, two stories.; 1,500 square feet of vacant space available.
    Request Owner's contact information
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    Muncie, IN 47303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    426 Mcgalliard Rd Muncie, IN 47303
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