2011 Mcgalliard Rd, Muncie, IN 47304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.