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About This Home
This 0-bedroom, 4-bathroom commercial at 404 W Air Park Drive in Muncie, IN is listed for $895,000. Built in 2010, on a 2.50 acres lot.
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.
Key Features
- Built in 2010
- 2.50 acre lot
- 70 parking spaces
Property Details
Monthly Cost Estimate
$4,787/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
404 W Air Park Drive
Muncie, IN 47303
None
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 4-bathroom commercial at 404 W Air Park Drive is listed at $895,000. The estimated monthly payment is $3,878 based on 20% down at 6.5% interest.
Key features include: Built in 2010, 2.50 acre lot, 70 parking spaces. Interior Features: Drywall, Office Space, Reception Area. Exterior Features: Office Space, Reception Area.
This property is listed by Brian Allardt and can be reached at 7658081400 or ballardt@cbcregroup.com.