404 W Air Park Drive, Muncie, IN 47303
sale
$895,000
|
Office
Courtesy Of Coldwell Banker Lunsford
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.
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Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 11-20 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Floors: 1
- Heating System: Natural Gas
- Legal Description: Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
- MLSID: 202549306
- Parking Spaces: 70
- Roof Type: Metal
- Rooms: Office
- Rooms: Bathroom 4
- Rooms: Kitchen
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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