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    2400 Blk Muncie, IN 47304

    • Land
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2400 Blk

    Lot size
    1.10 lot acres
    Property type
    Land

    Description

    This exceptional 1.1-acre development site in Muncie, Indiana, presents a unique investment opportunity. Located on the 2400 block of West McGalliard Road, this property boasts unparalleled visibility due to its high-traffic location. Its strategic position offers excellent exposure to eastbound and westbound traffic on McGalliard Road. The site is zoned R3-Multiple, allowing for a variety of potential development uses. Adding to its appeal, the land is situated adjacent to Ball State University's athletic fields, providing a desirable proximity to the university. The asking price is $595,000. This property includes three additional parcel IDs: 181105251002000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4139
    Latitude
    40.219

    Comparable in this City

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      1.10 Acres

      2400 Mcgalliard Rd

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      Morrison Rd

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      4917 Wheeling Parcel C Ave

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    • Value Estimation by Request

      4917 Wheeling Parcel A Ave

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      1.50 Acres

      4917 Wheeling Ave

      Land • 1.50 Acres
      4917 Wheeling Ave, Muncie, IN 47304
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    • Value Estimation by Request
      16.00 Acres

      10510 Jackson St

      Wedding venues • 5,900 SF
      10510 Jackson St, Muncie, IN 47304
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    Similar Nearby for Lease

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    2400 Blk
    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
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