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    Muncie Investment Property in Airpark Title is generated by Realmo AI

    404 W Air Park Drive, Muncie, IN 47303

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    For Sale
    $895,000

    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

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    Listing Contact
    Brian Allardt
    Brian Allardt

    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 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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.390597
    Latitude
    40.228013

    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.
    More about this property
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