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Property profile & analytics
OFF-MARKET Estimated value $590,000
Turn key restaurants

1101 Mcgalliard Rd Muncie, IN 47303-1770

6,295 SF 1.61 ac lot Built 2003
Entity Owned ~ Est. High Equity
Property ID
US31-2066222
Property summary
AI-generated overview

This exceptional freestanding restaurant, totaling 6,508 square feet, sits on a spacious 1.63-acre lot in Muncie, Indiana. Ideally situated along Muncie's main retail thoroughfare, McGalliard Road, this property boasts excellent visibility and accessibility, with a daily traffic count exceeding 31,521 vehicles. Its prime location offers unparalleled exposure to a large and diverse customer base. The property's proximity to Ball State University, with its 20,000+ student population, presents a significant opportunity for consistent foot traffic and revenue generation. Furthermore, the restaurant is strategically surrounded by a thriving mix of successful national restaurant chains and retailers, including notable brands such as Chick-fil-A, Starbucks, Raising Cane's, Crew Carwash, and Chipotle, creating a vibrant and attractive commercial environment. The asking price is $1,200,000, translating to $245.85 per square foot. This presents a compelling investment opportunity in a high-traffic, high-demand area with significant growth potential. The property's address is 1101 W McGalliard Rd, Muncie, IN 47303, located in Delaware County.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 6,295 SF
Lot 1.61 ac (70,192 SF)
APN 18-11-04-177-005.000-003
UPID US31-2066222
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$823k
Blend (final) Blend
$590k
Owner & transaction history
Ortiz Property Holdings LLC
Ortiz Property Holdings LLC
since 2025
2 recorded transactions
2025
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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