Multi-Tenant Industrial Flex
For Sale
$895,000
404 W Air Park Drive, Muncie, IN 47303
COMMERCIAL - Muncie, IN
Property Size12,250 SF
Lot Size2.50 Acres
Price / SF$73.06
Days on Market241
Property Features for 404 W Air Park Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Ind. Park
Parking features
Off Street
Lot features
City, Industrial Park, Near Airport, Near College Campus, Suburb, Within 1 Mile to Airport
Directions
McGalliard to Walnut, North to Air Park, west to 400 and 408.
Subdivision
Delaware County
Standard status
Active
APN
18-07-33-276-007.000-003
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2017
Tax Description
Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
Tax Annual Amount
19489
Legal Description
Airpart Industrial Center Sec C Lot #24 S33 T21 R10 2.50 Acres | |
Utilities
Cooling system
Central Air
Amenities
covered sidewalk
overhead door
Building Details
Year built
2010
Flooring type
Carpet, Tile - Ceramic
Roof type
Metal
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Dec 18, 2025
Changed: Aug 4
Last Checked: Aug 16 at 5:06AM
MLS# 202549306
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Investment property located in the Airpark Center Industrial Park on 2.5 acres in north central Muncie. Constructed in 2010, the building features a brick and metal facade, a metal roof, a covered sidewalk, and a concrete parking lot. The overall building is 12,250 square feet and is occupied by three solid tenants, including Peterman Brothers HVAC as an anchor tenant, with Quality Correctional Care and Centimark Commercial Roofing also leasing space. Leases extend to 2027 and 2028, and all suites are leased with inspections arranged through the listing agent.
The property is adjacent to the Muncie Airport and is centrally located for access to anywhere in Delaware County, with linkage to the Muncie Bypass and Interstate 69.
The west portion includes an overhead door for indoor storage of vehicles or equipment. Suite One at 400 W Air Park includes 3,284 square feet of office area, and Suite Three at 408 W Air Park includes 7,850 square feet including garage space.
The property is adjacent to the Muncie Airport and is centrally located for access to anywhere in Delaware County, with linkage to the Muncie Bypass and Interstate 69.
The west portion includes an overhead door for indoor storage of vehicles or equipment. Suite One at 400 W Air Park includes 3,284 square feet of office area, and Suite Three at 408 W Air Park includes 7,850 square feet including garage space.
Key Highlights
- 2010‑built industrial property in the Airpark Center Industrial Park with a 12,250 SF building on 2.5 acres
- Three leased tenant suites with leases extending to 2027 and 2028; Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing
- Gross income of $8,825 per month ($105,900 per year) with average expenses around $35,000
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- La Patrona Tacos — 501 W McGalliard Rd, Muncie, IN 47304
Frequently Asked Questions
What type of property is this?
Flex space - 2010-built flex and industrial property with leased office and garage space at an airport-area business park.
Where is this flex space located?
The property is located at 404 W 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: 2010‑built industrial property in the Airpark Center Industrial Park with a 12,250 SF building on 2.5 acres; Three leased tenant suites with leases extending to 2027 and 2028; Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing; Gross income of $8,825 per month ($105,900 per year) with average expenses around $35,000
