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: |
$134.57 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/5/2023 |
Overview / Comments
|
Prime Retail Muncie location on McGalliard Rd. 8100 Square foot retail building across from Chick-Fil-A, Starbucks, Crew Car Wash, Fresh Thyme and the new Raising Canes. Well built concrete block and steel structure. Open retail area to the front and storage area with delivery OVH doors at the rear of the building. Designed for two units with separate utilities but recently opened up as a single tenant building. Loft/Mezzanine area on the east end adds additional floor area.
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Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$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: |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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