Investment Overview

Marcus & Millichap is pleased to present a compelling investment opportunity in Muncie, Indiana, showcasing a strategically situated property with remarkable potential for redevelopment. The property currently occupied by Family Dollar, contributing to a reliable stream of rental income giving a new owner flexibility with their redevelopment plan as the property is currently providing income. What sets this property apart is its zoning, which allows for a versatile range of applications, including retail, self-storage, and various industrial uses. The property sits on over 4.75 acres of land providing ample opportunity to continue building new structures onto the property in addition to the existing 47,344 square foot building. This property offers an enticing combination of location, income stability from Family Dollar, and diverse usage potential. Its strategic position in Muncie provides easy access to major transportation routes, making it an attractive choice for businesses seeking to establish a presence in the local market or streamline distribution operations. Furthermore, Muncie has experienced consistent population growth in recent years, driven by its affordability and quality of life, which bodes well for the property's value and its appeal to a wide array of businesses. Given the close proximity to Ball Sate University which is a major economic driver for the city of Muncie, the property could provide a redevelopment opportunity that caters to any existing need of the University. The zoning is a noteworthy attribute as it accommodates a wide range of various business uses, this adaptability opens the door to a multitude of development strategies, including leasing the existing retail space, repurposing sections of the building & property into self-storage units to meet the growing demand in the area, or exploring the potential for an industrial facility to cater to local and regional logistics and distribution needs.