Property profile

4917 Wheeling Parcel B Ave Muncie, IN 47304

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 116,305 square foot industrial land parcel presents a unique opportunity for commercial development in Muncie, Indiana. Located at the highly visible intersection of Wheeling Avenue and Riggin Road in Northwest Muncie, this property benefits from significant traffic flow. The site is situated across from the established Country Village Shopping Center, anchored by prominent businesses such as Speedway, Dollar General, Dillman's Furniture, and Clancy's Bowling Center, ensuring high visibility and convenient access for potential businesses. A newly constructed childcare facility is located directly north, further enhancing the area's family-friendly appeal. Wheeling Avenue is a major thoroughfare connecting large residential subdivisions and State Road 28 to Ball State University and downtown Muncie, guaranteeing substantial daily traffic volume. This 2.67-acre lot is part of a larger three-parcel offering, allowing for flexible lot sizes to accommodate various development plans. Note that a survey and potential replatting may be required depending on the final lot configuration. The asking price for this strategically located industrial land is $150,000. This property offers significant potential for investors and developers seeking a prime location with excellent visibility and access in a thriving commercial area. The property is zoned for industrial use and is located in Delaware County, Indiana, zip code 47304.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

4917 Wheeling Parcel B Ave Muncie, IN 47304
Muncie metro
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Value estimations

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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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