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    2400 Mcgalliard Rd Muncie, IN 47304

    Sponsored
    For Sale
    $595,000

    1.1-acre R3-zoned lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.1-acre land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 2400 W McGalliard Rd, 47304, this property boasts unparalleled visibility due to its prime location along McGalliard Road, offering excellent exposure to east and westbound traffic. Zoned R3 - MULTIPLE FAMILY RESIDENTIAL, the site allows for diverse development possibilities, catering to a range of residential projects. Its proximity to Ball State University's athletic complex is a significant advantage, providing potential for synergy with the university community. The property adjoins the Ball State Athletic Fields to the east, offering a tranquil and desirable setting. This exceptional location offers significant potential for developers seeking to capitalize on the strong demand for housing near a major university. The asking price is $595,000. Three additional parcel IDs are included in the sale: 181105251002000003; 181105251001000003; 181105251006000003. This is a rare opportunity to acquire a highly visible and versatile land parcel in a thriving area. Don't miss out on this chance to build your next successful project.

    Property Features for 2400 Mcgalliard Rd

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • $595,000 asking price.
    • 1.1‑acre land parcel.
    • R3 Multi‑Family Residential zoning.
    • Prime Muncie, IN location near Ball State University athletic complex, offering excellent visibility on McGalliard Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4138928
    Latitude
    40.219036

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    FAQs

    What type of property is this?
    Land - 1.1-acre R3-zoned lot, ideal for development.
    Where is this land located?
    The property is located at 2400 Mcgalliard Rd Muncie, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price.; 1.1-acre land parcel.; R3 Multi-Family Residential zoning.
    (765) 808-1400
    Request Owner's contact information
    2400 Mcgalliard Rd Muncie, IN 47304
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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
    2400 Mcgalliard Rd Muncie, IN 47304
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