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Property profile

1712 University Ave Muncie, IN 47303

OFF-MARKET
Retail properties & Spaces
5,404 SF
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Property summary

AI-generated overview

This exceptional 5,404 square foot commercial space is ideally situated in the heart of The Village at Ball State University, offering unparalleled access to a high volume of daily foot traffic. The property boasts a single-tenant occupancy within a building encompassing a total of 5,404 square feet, situated on a generous 19,602 square foot lot. The layout features a large, open floor plan complemented by a mezzanine level providing a commanding view of the entire unit. This versatile space is suitable for a variety of uses, including traditional office, coworking, or creative office environments, and even restaurant possibilities due to its prime location. Reserved parking is available for both employees and customers, a significant advantage in this high-traffic area. The lease is structured as a NNN lease. This presents a unique investment opportunity, particularly given the significant Ball State University development project underway. This project, slated for completion by 2026, includes a new hotel and additional commercial spaces, promising further growth and increased foot traffic in The Village. Securing this space now positions your business to thrive as this vibrant area continues its expansion. Don't miss this chance to establish a strong presence in a rapidly developing and highly desirable location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,404 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • Atm

Location

1712 University Ave Muncie, IN 47303
Muncie metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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