Multi-Tenant Office/Industrial
For Sale
$895,000
404 Air Park Drive, Muncie, IN 47303
Multi-tenant office building with brick-and-metal façade, metal roof, and concrete parking on 2.5 acres.
Property Size12,250 SF
Lot Size2.50 Acres
Price / SF$73.06
Days on Market289
Property Features for 404 Air Park Drive
General Information
Standard status
Active
Size
12,250 SF
Lot size
2.50 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,489
Amenities
Central Air
3
70 Parking Spaces.
242x450
Building Details
Year Built
2010
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Real Estate Group
(765) 808-1400
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Source:
Xome
Added: Nov 2, 2025
Changed: Aug 12
Last Checked: Aug 17 at 4:04AM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale investment property in the Airpark Center Industrial Park includes a 12,250-square-foot multi-tenant building constructed in 2010. The exterior features a brick and metal façade and a metal roof, with a covered sidewalk and a concrete parking lot. The west portion includes an overhead door providing indoor storage for vehicles or equipment.
The property is adjacent to the Muncie Airport and offers convenient access within Delaware County, with linkage to the Muncie Bypass and Interstate 69.
Leasing includes Suite One and Suite Three. Suite One (404 W Air Park) offers an office configuration and is leased. Suite Three (408 W Air Park) includes office space and additional space with a garage component, and it is leased. All suites are occupied; inspections require arrangements with the listing agent.
The property is adjacent to the Muncie Airport and offers convenient access within Delaware County, with linkage to the Muncie Bypass and Interstate 69.
Leasing includes Suite One and Suite Three. Suite One (404 W Air Park) offers an office configuration and is leased. Suite Three (408 W Air Park) includes office space and additional space with a garage component, and it is leased. All suites are occupied; inspections require arrangements with the listing agent.
Key Highlights
- Multi‑tenant industrial office building in Airpark Center Industrial Park, built in 2010, with three tenants and leases extending to 2027 and 2028
- 12,250 SF building on 2.5 acres with brick‑and‑metal facade, metal roof, and covered sidewalk
- Gross income $8,825 per month ($105,900 annual) with expenses averaging around $35,000 and net income listed at $70,900
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 47303, IN
24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Multi-tenant office building with brick-and-metal façade, metal roof, and concrete parking on 2.5 acres.
Where is this office units located?
The property is located at 404 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: Multi‑tenant industrial office building in Airpark Center Industrial Park, built in 2010, with three tenants and leases extending to 2027 and 2028; 12,250 SF building on 2.5 acres with brick‑and‑metal facade, metal roof, and covered sidewalk; Gross income $8,825 per month ($105,900 annual) with expenses averaging around $35,000 and net income listed at $70,900
