404 W Air Park Drive, Muncie, IN 47303

$980,000

bedrooms

bathrooms

square feet

Acreage

2.5

Open Houses

year built

2010

Full Baths

Half Baths

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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
Subdivision	None
County	Delaware County
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 202442967

Listing agent: Brian Allardt #RB14013784

Listing broker: Coldwell Banker Lunsford (765) 289-2228

Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:11 p.m. EDT

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