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Flex Office and Overhead Door Building

404 W Air Park Drive Muncie, IN 47303

For Sale

$895,000

COMMERCIAL - Muncie, IN

Type:Office

Property size:

12,250 SF

Lot size:

2.50 Acres

Price / SF:

$73/SF

For Sale

$895,000

COMMERCIAL - Muncie, IN

Type:Office

Property size:

12,250 SF

Lot size:

2.50 Acres

Price / SF:

$73/SF

Added:: Dec 18, 2025
Days on Market:: 206
Last Refresh:: Jul 12 at 7:06 am

Property Features for 404 W Air Park Drive

General Information

Property type: Commercial Sale
Property subtype: Office
Parking features: Off Street
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

Utilities

Cooling system: Central Air

Building Details

Year built: 2010
Flooring type: Tile - Ceramic, Carpet
Roof type: Metal

Listing agent Brian Allardt License #RB14013784

Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN

Listing date Dec 18, 2025

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 flex office and industrial property was constructed in 2010 and presents a brick and metal facade with a metal roof. The site includes a covered sidewalk and a concrete parking lot on 2.5 acres. The west portion of the building also has an overhead door suitable for indoor storage of vehicles or equipment. Total building size is 12,250 square feet, arranged into multiple suites that are currently leased.

The property is located in the Airpark Center Industrial Park in north central Muncie, adjacent to the Muncie Airport. Access is described as convenient for travel throughout Delaware County, with linkage to the Muncie Bypass and Interstate 69.

All suites are leased, with three solid tenants including Peterman Brothers HVAC as an anchor tenant, along with Quality Correctional Care and Centimark Commercial Roofing. Lease terms extend to 2027 and 2028. Suite One at 400 W Air Park is reported to include 3,284 square feet of office area, and Suite Three at 408 W Air Park includes 7,850 square feet with garage. For inspection arrangements, coordination with the listing agent is required.

Key Highlights

2010‑built industrial property in the Airpark Center Industrial Park with a 12,250 SF building on 2.5 acres
Three leased tenant suites with leases extending to 2027 and 2028; Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing
Gross income of $8,825 per month ($105,900 per year) with average expenses around $35,000

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Office buildings
IN
Muncie
47303
404 W Air Park Drive

What type of property is this?

Office building - Leased flex office/industrial property in an Airpark Center industrial park with an overhead door and durable 2010 construction.

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: 2010‑built industrial property in the Airpark Center Industrial Park with a 12,250 SF building on 2.5 acres; Three leased tenant suites with leases extending to 2027 and 2028; Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing; Gross income of $8,825 per month ($105,900 per year) with average expenses around $35,000

404 W Air Park Drive Muncie, IN 47303

COMMERCIAL - Muncie, IN

Property Features for 404 W Air Park Drive

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Downtown Office Building with Parking

Warehouse Office Flex with Laydown Yard

Warehouse Showroom Building

Medical Office and Warm Lit Shell

Turnkey Single-Family Rental Portfolio

Multi-Room Office Building

Commercial Building with Drive-Thru

Turn-Key Restaurant and Bar

Live-Work Industrial Property

Single-Story Office Building

Turnkey Salon with Styling Stations

Three-Unit Residential Income Property

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