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Muncie Industrial Property with Upgrades
For Sale
$750,000

2401 S Monroe St, Muncie, IN 47302

Multi-tenant industrial property in Muncie with recent upgrades and high potential.

Property Size19,800 SF
Lot Size0.57 Acres
Price / SF$37.88
Days on Market545

Property Features for 2401 S Monroe St

General Information

Standard status Active
Size 19,800 SF
Lot size 0.57 Acres
Listing Agency: Keller Williams Indy Metro NE
Listed By: Justin Griffith · License #RB14047020
Source: Exprealty
Added: Mar 3, 2025 Changed: Aug 21 Last Checked: Aug 29 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy Metro NE

Investment Insights

Based on property information with market context.

This multi-tenant property in Muncie, Indiana, presents an opportunity for both end users and investors. Zoned for light industrial use, the property encompasses over 19,800 total square feet. Significant upgrades have been made, including a new metal and granulated torch roof, fresh paint inside and out, new flooring, vanities, cabinets, countertops, and fixtures. A new Goodman AC and Furnace system has also been installed. The property features four overhead doors, 3-phase power, and two kitchen/common areas. Suite A offers 8,000 square feet and a 5-ton overhead crane. Suite B provides 5,540 square feet, Suite C has 2,736 square feet, and Suite D, which is currently occupied, provides 1,992 square feet. All suites have their own overhead door. The space is continuous, with a total of 17,500 square feet currently available for lease or end user.

Key Highlights

  • Recently appraised at $650,000, indicating strong investment potential.
  • Boasting over 19,800 total square feet of space, providing ample room for various uses.
  • Zoned for light industrial use, offering flexibility for different business operations.

Property Analytics

Current Use

JJC Excavating General Contractor

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby

Demographics for 47302, IN

25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Multi-tenant industrial property in Muncie with recent upgrades and high potential.
Where is this industrial property located?
The property is located at 2401 S Monroe St Muncie, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Recently appraised at $650,000, indicating strong investment potential.; Boasting over 19,800 total square feet of space, providing ample room for various uses.; Zoned for light industrial use, offering flexibility for different business operations.
More about this property
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