IN > Muncie
Muncie, IN 47303,404 W Air Park Drive
Muncie, IN 47303,404 W Air Park Drive
Muncie, IN 47303,404 W Air Park Drive
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$980,000
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2.5 Acres Lot
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404 W Air Park Drive Muncie, IN 47303

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Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

UPDATED:

11/05/2024 09:39 PM

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 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

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Brian Allardt • Coldwell Banker Real Estate Group • Cell: 765-808-1400

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agent

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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404 W Air Park Drive

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