Shop & Office McGalliard and Bypass

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30840205
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 7,100 SF
Gross Land Area: 1.12 Acres
Sale Price: $360,000
Unit Price: $50.70 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Doors
Office SF: 1,500 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Building Name: Advanced Signs and Graphics
Usable Size (USF): 7,100 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2023

Overview / Comments

Well maintained 7100 sq ft steel building with two 16'x 14' overhead doors. This building is situated on 1.8 acres that includes a storage yard. 5000 sq ft on ground level and 2100 sq ft on second level. 2 offices, sales counter, production areas and garage area for vehicle storage/maintenance. Great visibility on McGalliard Road and the Muncie Bypass. Pylon and wall sign. Billboard on the property produces additional lease income. Additional 2 acre parcel to the south available. Advanced Signs and Graphics is consolidating to one location, possession date is negotiable.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,572 (Annual)
Tax Value Land $55,900
Tax Value Improvements $63,200
Assessed Value - Total($) $119,100 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $3,771 (Annual)
Tax Value Land $44,700
Tax Value Improvements $81,000
Assessed Value - Total($) $125,700 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $5,144 (Annual)
Tax Value Land $36,100
Tax Value Improvements $135,400
Assessed Value - Total($) $171,500 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $5,268 (Annual)
Tax Value Land $36,100
Tax Value Improvements $139,500
Assessed Value - Total($) $175,600 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-01-100-021.000-034
Zoning: BV VARIETY BUSINESS
Highway Access: Property is at the SW Quadrant of SR 3/67 and US 35 (Muncie Bypass) and McGalliard Rd
Airports: 4 miles to Muncie Airport
Site Description: 1.8Acres +/- additional 2+/- Acres available
Area Description: Great visibility and access, area businesses include Tractor Supply, Selking International Trucks, Norrick Petroleum, Indiana Oxygen, Goodyear/Greens Fork Alignment
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,000 SF
Property Condition: Good
Year Built: 1990
Roof Type: Gable
Construction/Siding: Steel Frame
Exterior Description: Steel Building with 2 large overhead doors
Parking Type: Surface
Parking Description: Asphalt and Gravel
Total Parking Spaces: 20
Column Spacing: na
Sprinklers: None
Heat Type: Natural Gas, Space Heaters
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Interior Description: Large shop area and production space, second floor production space and storage, 2 private offices.
Zoning Description: BV Variety Business
Lot Frontage: 530
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Gas Pipeline easement along western edge (rear)
Legal Description: PT FRAC NW QTR 1.1160Acres STR: 012010 IN: OUT: Plus a .8 acre +/-

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,311 29,485 80,963
Median Age: 39.86 35.62 35.46
Households: 1,011 12,313 31,837
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