Retail Building on McGalliard Rd Muncie

Retail-Commercial for Sale
Catylist Listing ID: 30853460
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,174 SF
Sale Price: $1,100,000
Unit Price: $134.57 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2023

Overview / Comments

Prime Retail Muncie location on McGalliard Rd. 8100 Square foot retail building across from Chick-Fil-A, Starbucks, Crew Car Wash, Fresh Thyme and the new Raising Canes. Well built concrete block and steel structure. Open retail area to the front and storage area with delivery OVH doors at the rear of the building. Designed for two units with separate utilities but recently opened up as a single tenant building. Loft/Mezzanine area on the east end adds additional floor area.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $12,549 (Annual)
Tax Value Land $250,800
Tax Value Improvements $167,500
Assessed Value - Total($) $418,300 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $14,367 (Annual)
Tax Value Land $250,800
Tax Value Improvements $228,100
Assessed Value - Total($) $478,900 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $14,901 (Annual)
Tax Value Land $250,500
Tax Value Improvements $246,200
Assessed Value - Total($) $496,700 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $15,132 (Annual)
Tax Value Land $250,500
Tax Value Improvements $253,900
Assessed Value - Total($) $504,400 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $15,726 (Annual)
Tax Value Land $250,500
Tax Value Improvements $273,700
Assessed Value - Total($) $524,200 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-07-33-461-024.000-003
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: McGalliard Walnut and Wheeling
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,174 SF
Property Condition: Good
Year Built: 1976
Year Renovated: 1993
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Brick and Glass storefront
Parking Type: Surface
Parking Description: Asphalt parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open retail area with rear storage/warehouse
Zoning Description: BV Variety Business
Lot Frontage: 168
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LINDEN PARK 4 ADD & LOT 35&36 0.0000Acres STR: 332110 IN: 34 OUT:

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,199 61,456 88,517
Median Age: 29.45 33.71 36.07
Households: 4,279 23,686 35,028
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