Commercial Land for Sale in Muncie, Indiana
404 W Air Parks Dr Muncie, IN 47303
Investment property located in the Airpark Center Industrial Park in north central Muncie. Three solid tenants include Peterman Brothers HVAC as anchor tenant, Quality Correctional Care and Centimark Commercial Roofing with leases extending to 2027 and 2028. Gross Income $8,825 monthly/$105,900 annual. Expenses average around $35,000 making net income $70,900. This is a very low maintenance property constructed in 2010, features include a brick and metal facade, metal roof, covered sidewalk and concrete parking lot situated on 2.5 Acres. Convenient location adjacent to the Muncie Airport and centrally located for access to anywhere in Delaware County and linkage to the Muncie Bypass and Interstate 69. The building is 12,250 square feet. The west portion also has an overhead door for indoor storage of vehicles or equipment. Suite One is 400 W Air Park and has 3284 square feet of office area; Suite Three is 408 W Air Park and includes 7,850 of space including garage. All Suites are leased so arrangements need to be made with listing agent for inspections.
Directions
McGalliard to Walnut, North to Air Park, west to 400 and 408.
Location
- Street Address
- 404 W Air Parks Dr
- County
- Delaware County
- Elevation
- 938 feet
Property details
- Zoning
- Ind. Park
- MLS Number
- MEIN 202442967
- Date Posted
Property taxes
- Recent
- $19,489
Parcels
- 18-07-33-276-007.000-003
Legal description
Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Office
- Franchise
- Coldwell Banker Real Estate
Structure
- Stories
- 1
- Materials
- Brick
- Roof
- Metal
Exterior
- Parking Spots
- 70
- Parking
- Off Street, Paved or Surfaced
- Features
- Office Space, Reception Area
Interior
- Rooms
- Bathroom x 4, Kitchen, Office
- Floors
- Carpet, Ceramic Tile, Tile
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Nov 5, 2024 | New listing | $980,000 | — | MEIN |