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    OFF-MARKET
    Strip malls

    613 Mcgalliard Rd, Muncie, IN 47303-2066

    5,400 SF 0.16 ac lot Built 2007
    Entity Owned 19-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-1804118
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 1,200 square foot space available for lease within a 5,400 square foot multi-tenant freestanding building in Muncie, Indiana. Located on East McGalliard Road, this property enjoys a high-visibility position in Muncie's main retail corridor, directly adjacent to a Super Target and sharing the strip center with T-Mobile. The building, constructed in 2007, features a single story and offers ample parking with 25 spaces. The available space is easily divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 1,200 square feet. However, larger spaces can be combined for a total of 4,200 square feet. Benefit from excellent access via a signalized intersection and the opportunity for prominent monument signage. This location boasts significant foot traffic, with a daytime population exceeding 130,000 within a 5-mile radius, and is conveniently situated just 1.5 miles from Ball State University, adding to the substantial daytime population of over 22,500 students. The property sits on a 0.48-acre lot and has a total of one suite. Its proximity to central Indianapolis (65 miles) further enhances its appeal. The property's parcel numbers are 1103177009000, 1103177018000, and 1103177010000.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2007
    Construction TYPE NOT SPECIFIED
    Total area 5,400 SF
    Lot 0.16 ac (6,900 SF)
    APN 18-11-03-177-009.000-003
    UPID US31-1804118
    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
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Insite Muncie Barr LLC · 19 yrs held
    Insite Muncie Barr LLC
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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