404 W Air Park Drive, Muncie, IN 47303
- Added:
- Dec 18, 2025
- Days on Market:
- 187
- Last Refresh:
- Jun 23 at 1:06 am
Property Features for 404 W Air Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Ind. Park
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
- Parking
- 70
- Parking features
- Off Street, Paved or Surfaced
- Interior features
- Drywall, Office Space, Reception Area
- Exterior features
- Office Space, Reception Area
- Standard status
- Active
- APN
- 18-07-33-276-007.000-003
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19489
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Flooring type
- Carpet, Tile, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Other
Listing agent Brian Allardt License #RB14013784 (765) 808-1400
Listing office Coldwell Banker Real Estate Group 400 N High St. Suite 110 (Broker: Adam Ertel), Muncie, IN (765) 289-2228
Listing date Dec 18, 2025
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.
HighLights
- Brick and metal‑façade investment property in the Airpark Center Industrial Park, built in 2010
- 12,250 SF building on 2.5 acres with a metal roof and covered sidewalk
- Three leased suites with leases extending to 2027 and 2028 (Peterman Brothers HVAC, Quality Correctional Care, Centimark Commercial Roofing)
- Monthly gross income of $8,825 ($105,900 annual) with expenses averaging about $35,000 for net income of about $70,900
- Suite One (3284 SF) at 400 W Air Park offers office area
- Suite Three (7,850 SF) at 408 W Air Park includes garage and an overhead door for indoor storage of vehicles or equipment
Overview
The building is located in the Airpark Center Industrial Park in north central Muncie, with access advantages noted adjacent to the Muncie Airport and central positioning for travel within Delaware County. The remarks also note linkage to the Muncie Bypass and Interstate 69. Suite One is described at 400 W Air Park with 3,284 square feet of office area. Suite Three is described at 408 W Air Park with 7,850 square feet including garage.
Three solid tenants are in place, including Peterman Brothers HVAC as an anchor tenant, with Quality Correctional Care and Centimark Commercial Roofing also leased. Leases extend to 2027 and 2028, and the reported gross income is $8,825 per month ($105,900 annually). Reported expenses average approximately $35,000, resulting in net income cited at $70,900. All suites are leased, and inspections require coordination with the listing agent.
Current Use by Public Records
Similar Places Nearby
- MCL Restaurant & Bakery Muncie — 3501 N Granville Ave, Muncie, IN 47303
- La Patrona Tacos — 501 W McGalliard Rd, Muncie, IN 47304
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.390597
- Latitude
- 40.228013
