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Listed by Coldwell Banker Real Estate Group
$895,000
Est. payment /mo
4 Baths
2.5 Acres Lot
UPDATED:
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
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