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400 S Madison St
Muncie, IN 47305
Rally's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Downtown Corner with Double Drive-Thru
- Dense Civic, Education & Cultural Hub
- Turnkey Restaurant with Strong Visibility
EXECUTIVE SUMMARY
Prime Downtown Corner with Double Drive-Thru – Rare freestanding QSR at a signalized intersection in Downtown Muncie featuring a dual drive-thru configuration and exceptional ingress/egress.
Turnkey Restaurant with Strong Visibility – ±768 SF building on a 0.7-acre parcel with prominent pole signage, outdoor seating, and ±14 parking spaces supporting high-volume operations.
Dense Civic, Education & Cultural Hub – Located near Ivy Tech Community College, Muncie Civic Center, Horizon Convention Center, Madjax Coworking, and Cornerstone Center for the Arts, generating steady daytime and event-driven traffic.
Solid Demographic & Employment Base – Within a 5-mile radius of 81,202 residents, 38,359 employees, and average household income of $70,795, supporting consistent quick-service demand.
Turnkey Restaurant with Strong Visibility – ±768 SF building on a 0.7-acre parcel with prominent pole signage, outdoor seating, and ±14 parking spaces supporting high-volume operations.
Dense Civic, Education & Cultural Hub – Located near Ivy Tech Community College, Muncie Civic Center, Horizon Convention Center, Madjax Coworking, and Cornerstone Center for the Arts, generating steady daytime and event-driven traffic.
Solid Demographic & Employment Base – Within a 5-mile radius of 81,202 residents, 38,359 employees, and average household income of $70,795, supporting consistent quick-service demand.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
768 SF
Building Class
C
Year Built/Renovated
1989/1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
Variety Business Zone - Variety Business Zone
Parking
14 Spaces (18.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 18-11-15-134-001.000-003 | Improvements Assessment | $105,000 |
| Land Assessment | $107,000 | Total Assessment | $212,000 |
PROPERTY TAXES
Parcel Number
18-11-15-134-001.000-003
Land Assessment
$107,000
Improvements Assessment
$105,000
Total Assessment
$212,000
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