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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by Coldwell Banker Real Estate Group

$ 895,000

Est. payment | -/mo

4 Baths

2.5 Acres Lot

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$ 895,000

Est. payment | -/mo

Save Virtual Tour

4 Baths

2.5 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202549306

HOA Y/N No

Year Built 2010

Annual Tax Amount $19,489

Tax Year 2017

Lot Size 2.500 Acres

Acres 2.5

Lot Dimensions 242x450

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

Zoning Ind. Park

Rooms

Basement Slab

Interior

Heating Gas

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Off Street, Paved

View Y/N true

Total Parking Spaces 70

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Pets Allowed No

Tax ID 18-07-33-276-007.000-003

Acceptable Financing IRM202549306

Listing Terms IRM202549306

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202549306

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

404 W Air Park DR Muncie, IN 47303

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

404 W Air Park DR