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    N Morrison Rd Muncie, IN 47304

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    For Sale
    $400,000

    2-acre commercial land parcel near major retailers.

    Property size:
    2 SF
    Lot size:
    87.00 Acres

    Property Features for N Morrison Rd

    General Information

    Size
    2 SF
    Lot size
    87.00 Acres
    Source: Cbcworldwide

    Listing Agent: Monte Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This commercial land parcel is located just north of State Road 332, north of Bethel Avenue on Morrison Road. The property is situated near American Health Network, Pet Smart, Lowe's, and Walmart. The site is zoned for variety business and contains approximately 2 acres, or 87,120 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4423081
    Latitude
    40.1936839

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    FAQs

    What type of property is this?
    Land - 2-acre commercial land parcel near major retailers.
    Where is this land located?
    The property is located at N Morrison Rd Muncie, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime location just north of SR 332 and Bethel Avenue on Morrison Road.; - Zoned variety business.; - Large 2-acre (87,120 sqft) lot.
    (765) 744-1421
    Request Owner's contact information
    N Morrison Rd Muncie, IN 47304
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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
    N Morrison Rd Muncie, IN 47304
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