Property profile

0 Hometown Blvd Muncie, IN 47304

OFF-MARKET
Retail properties & Spaces
3 ac lot
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Property summary

AI-generated overview

Exceptional commercial development opportunity in Muncie, Indiana, offering 3 to 44 acres of land zoned for commercial use. This prime location sits at the best retail corner in Muncie, boasting unparalleled visibility on State Road 332 (McGalliard RD) at the intersection of Nebo Road (CR 400W). The property is part of Nebo Commons, Muncie's newest and most successful commercial development, strategically positioned at the gateway to Muncie, Yorktown, and Ball State University. This high-traffic area benefits from its proximity to Interstate 69, drawing significant consumer traffic. Existing businesses in the immediate vicinity include Menards, Meijer, three established auto dealerships (with one under construction), and a Harley Davidson dealership, creating a strong retail synergy. The site also enjoys close proximity to affluent residential areas in western Delaware County and Yorktown, ensuring a robust customer base. Lots are available in sizes ranging from 3 to 44 acres, with pricing starting at $85,000 per acre and reaching $175,000 per acre, depending on size and location. The seller is willing to accommodate buyer needs by providing customized platting services. This presents a rare chance to establish a thriving business in a rapidly growing commercial hub. The property is located in Delaware County, Indiana, with a Muncie, IN 47304 zip code.

Property profile

Verified
Property type Retail properties & Spaces
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Location

Hometown Blvd Muncie, IN 47304
Muncie metro
Google Maps

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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