Muncie, IN retail market
Muncie retail assets trade primarily as grocery-anchored centers, national NNN investments, or unanchored strip centers along key corridors like McGalliard Road. Pricing ranges broadly from $55 to $87/SF for local unanchored retail up to $187 to $294/SF for stabilized grocery and credit NNN assets. Closed priced sales within the 24-month window are limited locally, requiring the inclusion of older sales and active market listings.
What's driving Retail prices in Muncie
Retail pricing along primary retail corridors has remained steady while cap rates softened slightly.
- Proximity to Ball State University and strong regional shopping corridor
- Anchor stability and grocery foot traffic driving center occupancy
- Rising cap rates on non-credit and unanchored strip retail
Market intelligence
Tracking this market since Aug 2026 · 5 comps · latest deal Sep 2022.
This quarter: 4 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned.
Recent Retail comps in Muncie, IN
| Address | Date | Type | Size (SF) | Center Type | Anchor | Price / Rate | $/SF | Cap Rate | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|---|
| 600 E McGalliard Rd, Muncie, IN news | Sep 2022 | Sale | 77871 | Neighborhood center | TJ Maxx | $14,600,000 | $187 | Multi-tenant | ||
| 505 W McGalliard Rd, Muncie, IN listing | Active | Sale | 28709 | Single-tenant NNN | Fresh Thyme Market | $8,427,484 | $294 | Single-tenant NNN - Fresh Thyme Market | ||
| 811 W McGalliard Rd, Muncie, IN listing | Listed Jul 2026 | Sale | 14982 | Strip center | Unanchored | $1,300,000 | $87 | Multi-tenant | ||
| 7000 IN-67, Muncie, IN listing | Listed Aug 2026 | Sale | 10640 | Single-tenant NNN | Dollar General Market | $2,200,481 | $207 | 6.65% | Single-tenant NNN - Dollar General Market | 2026 |
| 3310 E Jackson St, Muncie, IN listing | Listed Jul 2026 | Sale | 7648 | Freestanding | Unanchored | $420,000 | $55 | Owner-user | ||
| Median of 5 recent sales · $187/SF | $187 | |||||||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Muncie, IN, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.