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$980,000
404 W Air Park Drive Muncie, IN 47303
Property Description for 404 W Air Park Drive Muncie, IN 47303
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.
Street View Not Available At this Location
Address:404 W Air Park Drive Muncie IN 47303
Status:Active
on site: 14 days
Price:$980,000
Bathrooms:0
Year Built:2010
Lot Size:2.50
County: Delaware County
Township: Center
MLS #:202442967
Property Type:Office
Lot Dimensions:242x450
Directions:McGalliard to Walnut, North to Air Park, west to 400 and 408.
Basement:No
| Room | Size | Level |
| 3rd Bedroom | 4 x 1 | Info Not Available |
| Den | 1 x 12250 | Info Not Available |
Semi-Annual Property Tax:$9,745
Tax Year:2017
Mandatory HOA Fee:$
Tammy Parker
Additional Phone (765) 215-5523
Email tammy.parker@talktotucker.com
F.C. Tucker Company
Listing provided courtesy of Brian Allardt with Coldwell Banker Real Estate Group
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
Muncie Market Report
116
Avg. DOM
$104.65
Avg. $ / Sq.Ft.
$ 139,900
Med. List Price
The house prices in Muncie are indeed dropping at the moment. There has been a decrease in price of $5,783.40. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.
The housing market and house prices in Muncie are going Down. The average house price is $142,500.00 and the average price per square feet is $111.33 per square feet. At the moment, the amount of homes listed is exactly 1341 houses, with 221 with active status, 119 with pending status and 1001 sold in Muncie .
The most popular place to buy a home in Muncie is 1808 - Delaware - Center. 1808 - Delaware - Center is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Muncie .
The average amount of property taxes you would have to pay for a home in Muncie is $1,502.84. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.
Properties in Muncie are staying listed for an average of 65 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.
The last home listed in Muncie was 94 minutes ago.
At the moment we have 1 open houses that you can visit.
The cost of the most expensive home in Muncie is $1,479,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.
The cost of the cheapest home in Muncie is $15,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.
The date of the oldest built home in Muncie in year 1841 and the newest built house is in year 2024.
The average size of properties in Muncie is 1762.72 sq.ft. , the biggest one being 8226 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.
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