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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1712 University Ave Muncie, IN 47303

5,404 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sunsations Tanning Tanning Salon
  • Fiction Boulevard LLC Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • First Merchants Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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