Multi-Tenant Office
For Sale
$895,000
404 W Air Park Drive, Muncie, IN 47303
COMMERCIAL, Muncie, IN
Property Size12,250 SF
Lot Size2.50 Acres
Price / SF$73.06
Days on Market253
Property Features for 404 W Air Park Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Ind. Park
Parking features
Off Street
Lot features
City, Industrial Park, Near Airport, Near College Campus, Suburb, Within 1 Mile to Airport
Directions
McGalliard to Walnut, North to Air Park, west to 400 and 408.
Subdivision
Delaware County
Standard status
Active
APN
18-07-33-276-007.000-003
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2017
Tax Description
Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
Tax Annual Amount
19489
Legal Description
Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
Utilities
Cooling system
Central Air
Amenities
covered sidewalk
overhead door
Building Details
Year built
2010
Flooring type
Carpet, Tile - Ceramic
Roof type
Metal
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Dec 18, 2025
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 202549306
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 12,250-square-foot office property was constructed in 2010 on 2.5 acres within Airpark Center Industrial Park. The improvements feature a brick-and-metal exterior, metal roofing, a covered sidewalk, central air, carpet and ceramic tile flooring, and a concrete parking area. The west portion includes an overhead door for indoor vehicle or equipment storage. Suite One at 400 W Air Park contains 3,284 square feet of office space, while Suite Three at 408 W Air Park provides 7,850 square feet including garage space.
The property is fully leased to Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing. Lease terms extend through 2027 and 2028. Its setting is adjacent to the Muncie Airport, with access to the Muncie Bypass and Interstate 69. Inspections require coordination with the listing agent.
The property is fully leased to Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing. Lease terms extend through 2027 and 2028. Its setting is adjacent to the Muncie Airport, with access to the Muncie Bypass and Interstate 69. Inspections require coordination with the listing agent.
Key Highlights
- 12,250‑square‑foot office building constructed in 2010
- Three tenants include Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing
- Leases extend to 2027 and 2028
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 47303, IN
24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three leased suites occupy a low-maintenance office property with parking, an overhead door, and a durable brick-and-metal exterior.
Where is this office building located?
The property is located at 404 W Air Park Drive Muncie, IN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 12,250‑square‑foot office building constructed in 2010; Three tenants include Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing; Leases extend to 2027 and 2028
