Property profile

2011 Mcgalliard Rd Muncie, IN 47304

OFF-MARKET
Land
Property ID
US31-2123738
1.3 ac lot
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Property summary

AI-generated overview

This exceptional 1.3-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 2011 W McGalliard Rd, 47304, this property boasts unparalleled visibility due to its prime frontage along McGalliard Road, a high-traffic thoroughfare. The land is zoned R3 - MULTIPLE FAMILY RESIDENTIAL, offering considerable development potential for various uses. The site's strategic location adjoins Varsity House student apartments to the east, suggesting strong potential for complementary development. This offering comprises four combined parcels (APN: 18-11-05-276-001.000-003, and two additional parcels: 181105253002000003; 181105253003000003) totaling 1.3 acres. The property benefits from its location in a newly developed area, ensuring a vibrant and growing surrounding community. This is an ideal opportunity for developers seeking a high-visibility site with significant potential for future growth and return on investment. The asking price for this exceptional property is $695,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 1.3 ac (56,628 SF)
UPID US31-2123738

Cap rate & NOI

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

Location

2011 Mcgalliard Rd Muncie, IN 47304
Muncie metro
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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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