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    4201 N State Road 3 Muncie, IN 47303

    For Sale
    $685,000

    Retail - Muncie, IN

    Type:Retail
    Lot size:
    1.84 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 4201 N State Road 3

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    18-07-34-278-006.000-003
    Parking features
    Paved or Surfaced
    Interior features
    Block, Drywall, Three Phase, Overhead Door 1, Delivery Door, Office Space, Public Restrooms
    Exterior features
    Three Phase, Loading Dock 1, Loading Dock 2, Overhead Door 1, Delivery Door, Office Space, Public Restrooms
    Lot size
    1.84 Acres

    Taxes and HOA fees

    Expense value
    1846
    Expense
    Other

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Floors in Building
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Block
    Roof type
    Flat
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Oct 24, 2025

    MLS# 202500367 Listing URL

    Copyright © 2025 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.

    Overview

    Muncie Retail/Warehouse Opportunity

    This 22,000 square foot property in Muncie, Indiana, features a 14-foot clear height, four dock doors, and one drive-in door. Formerly used as an American Freight Furniture retail and warehouse/distribution center, the building is equipped with full heat and air conditioning provided by six HVAC units in the main area and customer receiving area. The property includes a large asphalt parking lot. The roof is reported to be less than 2 years old. Situated on a 1.84-acre lot, this property is suitable for retail or warehouse purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Storage Facility Convenience Store Daycare Center Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.386359
    Latitude
    40.193376

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    FAQs

    What type of property is this?
    Retail property - 22,000 SF retail/warehouse with dock doors and parking.
    Where is this retail property located?
    The property is located at 4201 N State Road 3 Muncie, IN.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - 22,000 sq ft property suitable for retail, warehouse, or distribution; - Four dock doors plus a drive-in door for efficient loading and unloading; - Full heat and air conditioning provided by 6 HVAC units
    (765) 289-2228
    Request Owner's contact information
    4201 N State Road 3 Muncie, IN 47303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4201 N State Road 3 Muncie, IN 47303
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