Muncie Investment Property in
404 W Air Park Drive, Muncie, IN 47303
Office, Office/Showroom - Muncie, IN
Type:Office
Lot size:
2.50 Acres- Added:
- Dec 18, 2025
- Days on Market:
- 151
- Last Refresh:
- May 18 at 2:06 pm
Property Features for 404 W Air Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Ind. Park
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
- Parking
- 70
- Parking features
- Off Street, Paved or Surfaced
- Interior features
- Drywall, Office Space, Reception Area
- Exterior features
- Office Space, Reception Area
- Standard status
- Active
- APN
- 18-07-33-276-007.000-003
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19489
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Flooring type
- Carpet, Tile, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Other
Listing agent Brian Allardt License #RB14013784 (765) 808-1400
Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN (765) 289-2228
Listing date Dec 18, 2025
MLS# 202549306
Listing URL
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.
HighLights
- Stable Income: Net annual income of $70,900 with leases extending to 2027 and 2028.
- Established Tenants: Anchored by Peterman Brothers HVAC, along with Quality Correctional Care and Centimark Commercial Roofing.
- Low Maintenance: Constructed in 2010 with durable brick and metal façade and metal roof.
- Strategic Location: Adjacent to Muncie Airport with convenient access to Delaware County, Muncie Bypass, and Interstate 69.
- Sizeable Building: 12,250 square feet on 2.5 acres with varied suite sizes (3284 and 7850 sq ft).
- Versatile Space: Includes office space and a garage with an overhead door for vehicle or equipment storage.
Overview
Located in the Airpark Center Industrial Park in Muncie, Indiana, this investment property features three tenants: Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing, with leases extending to 2027 and 2028. Constructed in 2010, the low-maintenance building features a brick and metal façade, a metal roof, a covered sidewalk, and a concrete parking lot situated on 2.5 acres. The property is conveniently located adjacent to the Muncie Airport, providing access to Delaware County and linkage to the Muncie Bypass and Interstate 69. The building encompasses 12,250 square feet. The west portion includes an overhead door for indoor storage of vehicles or equipment. Suite One, located at 400 W Air Park, has 3,284 square feet of office area. Suite Three, located at 408 W Air Park, includes 7,850 square feet of space including a garage. The property's gross income is $8,825 monthly or $105,900 annually. Expenses average around $35,000, resulting in a net income of $70,900.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.390597
- Latitude
- 40.228013
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Investment property with long-term tenants in Muncie, Indiana.
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: Stable Income: Net annual income of $70,900 with leases extending to 2027 and 2028.; Established Tenants: Anchored by Peterman Brothers HVAC, along with Quality Correctional Care and Centimark Commercial Roofing.; Low Maintenance: Constructed in 2010 with durable brick and metal façade and metal roof.
