404 Air Park, Muncie, IN 47303
Overview
| MLS ID: | #202442967 |
|---|---|
| Price: | $ 980,000 |
| Sq Ft: | 12,250 |
| Office SqFt: | 12,250 |
| Lot Size: | 2.50 Acres |
| Year Built: | 2010 |
| Zoning: | |
| Taxes: | $ 19,489 |
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.
MLS ID: 202442967
Details
| Planned Unit Dev | No |
|---|---|
| Auction | No |
| Zoning Description | Ind. Park |
| New Construction | No |
| Number of Buildings | 1 |
| Building 1 | |
| Bldg 1 Above Ground SF | 12,250 |
| Bldg 1 Below Ground SF | 0 |
| Bldg 1 Stories | 1 |
| Bldg 1 Finished Office SF | 9,000 |
| Lot Dimensions | 242x450 |
| Approx Lot Size SqFt | 108,900 |
| Approx Lot Size Acres | 3 |
| Ceiling Height | 10 |
|---|---|
| Road Surface | Asphalt |
| Road Access | City |
| Parking | Yes |
| Parking | Off-Street, Paved |
| Parking Type | concrete |
| # Parking Spaces | 70 |
| Total Restrooms | 4 |
| Interior Height | 10 |
| Ingress/Egress | Asphalt |
| Water Front | No |
|---|
| Currently Leased | Yes |
|---|---|
| Lease Term Remaining | See Listing Agent |
| Sprinkler System | No |
|---|---|
| Signs | Yes |
| Sign Type | Other |
| Fire Doors | Yes |
| Enterprise Zone | No |
| Sale Includes: | Building, Land |
| Heating/Fuel | Gas |
| Cooling | Central Air |
| Exterior | Brick, Metal |
| Roof Material | Metal |
| Interior Walls | Drywall |
| Flooring | Carpet, Ceramic Tile |
| Water Utility | Public |
|---|---|
| Sewer | City |
| Special Features | Office Space, Reception Area |
| Annual Taxes | $19,489.00 |
|---|---|
| Assessed Value | $550,600.00 |
| Gross Monthly Rent | $6,458.00 |
Map
Listing Office: Coldwell Banker Real Estate Group
Listing Agent: Brian Allardt
Disclaimer:
Mortgage
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