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    4201 State Road 3 Muncie, IN 47303

    Sponsored
    For Sale
    $685,000

    Spacious Warehouse, Ideal for Distribution

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 22,000 square foot commercial building presents a rare opportunity in the Muncie market. Situated on a 1.84-acre lot, the property boasts 14-foot clear ceiling heights, providing ample vertical space for storage or operations. The building features four dock-high doors and a convenient drive-in door, ensuring efficient loading and unloading. Previously used as a furniture retail space and warehouse/distribution center, this versatile property is ready for immediate occupancy. The interior is clean and well-maintained, and the roof is less than two years old. The building benefits from a comprehensive HVAC system, including six units serving the main area and customer receiving area, ensuring year-round climate control. A large asphalt parking lot provides ample space for vehicles and customer parking. This property is offered for sale at $685,000. Alternatively, lease options are available at a rate of $3.50 per square foot, NNN. This prime location and functional layout make this an excellent investment opportunity for a variety of commercial uses. The property's size, features, and condition make it a highly desirable asset in the Muncie commercial real estate market. Don't miss this chance to acquire a well-maintained, spacious building with significant potential.

    Property Features for 4201 State Road 3

    General Information

    Property type
    Other commercial real estate
    Lot Size
    80,150 SF

    Building Details

    Year Built
    1969
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.34418
    Latitude
    40.20009

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Warehouse, Ideal for Distribution
    Where is this commercial real estate located?
    The property is located at 4201 State Road 3 Muncie, IN.
    What is the asking price?
    The asking price for this property is $685,000.
    (765) 289-2228
    Request Owner's contact information
    4201 State Road 3 Muncie, IN 47303
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    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 State Road 3 Muncie, IN 47303
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