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$ 935,000
Est. payment /mo
Price Dropped by $45K
404 W Air Park Drive Muncie, IN 47303
2.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202442967
Year Built 2010
Annual Tax Amount $19,489
Tax Year 2017
Lot Size 2.500 Acres
Property Sub-Type Office
Property Description
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 façade, 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.
Location
State IN
County Delaware County
Area Delaware County
Direction McGalliard to Walnut, North to Air Park, west to 400 and 408.
Interior
Flooring Carpet, Ceramic Tile
Appliance Building, Land
Laundry , 70
Exterior
Roof Type Metal
Total Parking Spaces 70
Building
Story 1
New Construction No
Others
Financing Cash
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202442967
IDX information provided by the Indiana Regional MLS
Listed by Brian Allardt • Coldwell Banker Real Estate Group • Cell: 765-808-1400