800 Mcgalliard RdMuncie, IN 47303

  • Retail properties
  • 15,100 SF
For Lease
$13/SF/YR View listing

Property Details for 800 Mcgalliard Rd

Year built
1979
Construction
TYPE NOT SPECIFIED
Lot size
5.48 AC
Property size (Sq ft)
15,100 SF
Property type
Retail properties
Property subtype
Strip malls
APN
18-07-34-377-025.000-003
APU
180734377025000003

Description

McGalliard Mall Shoppes presents a unique investment opportunity in Delaware County. This single-story, 57,492 square foot retail center offers a diverse range of possibilities for multiple tenants. Currently, 41,842 square feet are available for lease, providing significant flexibility for businesses seeking space in a high-traffic location. The minimum leasable unit is 3,000 square feet, while the maximum contiguous space available is 9,000 square feet. The property's zoning, BV - Variety Business, allows for a variety of uses, including but not limited to day care facilities, street retail, convenience stores, mixed-use developments, taverns, bars, nightclubs, and other retail establishments. The property's APN is 18-07-34-377-025.000-003. This location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for customers. The building's single-story design offers ease of access and efficient use of space. This is an exceptional opportunity to secure prime retail space in a thriving Delaware County location. Contact us today to learn more about leasing opportunities and explore the potential of this versatile property. Serious inquiries only.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,301,606
    6.5%
    $3,047,636
    7%
    $2,829,948
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,676,226
    Geo Method
    $4,725,678
  • Alternative Use

    Use
    Valuation
    Residential
    $2,570,796
    Hospitality
    $2,354,835
    Educational
    $1,959,195
    Medical
    $2,026,575
    Retail
    $3,047,636
800 Mcgalliard Rd, Muncie, Indiana
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Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.2202
Longitude
-85.3784
CBSA code
34620
CBSA name
MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$196,945
$2,434,800
$3,853,200
$6,288,000
-
$2,434,800
$3,853,200
$6,288,000

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