The ORR Home Selling Team Real Estate Groups
  • 2200 W. McGalliard Road
    Muncie, IN 47304
The ORR Home Selling Team Real Estate Groups

Muncie, IN 47303 404 W Air Park Drive

$980,000

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Presented By: Brian Allardt with Coldwell Banker Real Estate Group; Cell: 765-808-1400
  • MLS# 202442967
  • 11/04/2024
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  • Baths • 4
  • SQFT • 12,250

Home Details

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.
Presented By: Brian Allardt with Coldwell Banker Real Estate Group; Cell: 765-808-1400

Interior Features for 404 W Air Park Drive

Other Interior Features

Basement Y/NNo
Burglar Alarm Y/NYes
Interior Height10
Smoke/Fire Alarm Y/NYes
Water Heater Y/NYes
FIRE PROTECTIONCity
Equipment Y/NNo
Basement/FoundationSlab
FlooringCarpet, Ceramic Tile
WallsDrywall

General for 404 W Air Park Drive

# of Buildings1
Age14
Agent First NameBrian
Agent Last NameAllardt
Annual Taxes19489
AreaDelaware County
Associated Document Count1
Auction Y/NNo
Bathrooms4
Ceiling Height10
CityMuncie
ClassCOMMERCIAL
CoolingCentral Air
DOM51
FIPS Code18035
HeatingGas
Legal DescriptionAirpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
LocationCity, Industrial Park, Near Airport, Near College Campus, Suburb, Within 1 Mile to Airport
New ConstructionNo
ParkingYes
ParkingOff-Street, Paved
Present UseInvestment Property, Vacant-Best for Owner/Usr
REONo
RoofMetal
SewerCity
Special FeaturesOffice Space, Reception Area
StatusActive
StatusActive
Status Detail0
Stories1
SubdivisionNone
Tax Year2017
TownshipCenter
TypeOffice
Virtual TourClick here
Year Built2010
Zoning DescriptionInd. Park

Exterior for 404 W Air Park Drive

Approx. Lot Size Acres2.5
Construction Type 1Metal with brick facade
ExteriorBrick, Metal
Ingress/EgressAsphalt
Lot Dimensions242x450
Lot Size Area108900
Number of Parking Spaces70
Parking Typeconcrete
Road AccessCity
Road SurfaceAsphalt
Security Light Y/NYes
Sprinkler System Y/NNo
Water Softener Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Ryan Orr

Associate
Price $980,000
MLS#202442967
List Date 11/04/2024
Property Type Commercial
Phone (765) 744-9500
Get pre-approved
Request Tour
Request Info
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