Office Building with Drive-Through
New
For Sale
$699,000
4710 E Jackson Street, Muncie, IN 47303
COMMERCIAL, Muncie, IN
Property Size2,400 SF
Lot Size0.91 Acres
Price / SF$291.25
Days on Market2
Property Features for 4710 E Jackson Street
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
City
Directions
State Road 32 East from Muncie, to 4710 E Jackson.
Subdivision
Delaware County
Standard status
Active
APN
18-11-12-476-010.000-003
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
PT E HLF SE QTR 0.9100Acres STR: 122010 IN: OUT
Tax Annual Amount
9380
Legal Description
PT E HLF SE QTR 0.9100Acres STR: 122010 IN: OUT
Utilities
Cooling system
Central Air
Amenities
drive-through canopy
Building Details
Year built
2000
Flooring type
Carpet, Mixed, Laminate
Roof type
Shingle
Listing Agency:
NextHome Elite Real Estate
(765) 729-5181
Listed By:
Austin Rich · License #RB14048198
(765) 749-4546
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 9:06PM
MLS# 202642848
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.
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Investment Insights
Based on property information with market context.
This office property occupies a 0.91-acre site with direct frontage on State Road 32, an established entrance, paved parking, and a drive-through canopy. The existing building is occupied by two professional office tenants under full occupancy. Built in 2000, it has central air conditioning and carpet, mixed, and laminate flooring.
The property is on East Jackson Street in Muncie, between IU Health Ball Memorial Hospital’s primary care facility and a Wawa convenience store and gas station. State Road 32 carries approximately 14,365 vehicles daily, according to 2025 INDOT traffic data. Connections to US Highway 35 and State Road 67 provide regional access.
The site is being presented as an income-producing property with possible redevelopment potential, including retail or drive-through uses, subject to zoning, site feasibility, and municipal approvals.
The property is on East Jackson Street in Muncie, between IU Health Ball Memorial Hospital’s primary care facility and a Wawa convenience store and gas station. State Road 32 carries approximately 14,365 vehicles daily, according to 2025 INDOT traffic data. Connections to US Highway 35 and State Road 67 provide regional access.
The site is being presented as an income-producing property with possible redevelopment potential, including retail or drive-through uses, subject to zoning, site feasibility, and municipal approvals.
Key Highlights
- 0.91‑acre site with direct State Road 32 frontage
- Fully leased to two professional office tenants
- Approximately 14,365 vehicles travel the corridor daily, according to 2025 INDOT traffic data
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,538
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,760
$510.8K
Cap Rate 7%
$364,829
$364.8K
Cap Rate 9%
$283,756
$283.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.5K $18.12/SF
− Vacancy
−$9.4K −$3.93/SF
EGI
$34.1K $14.19/SF
− OpEx
−$8.5K −$3.55/SF
NOI
$25.5K $10.64/SF
Area
Delaware County, IN
Vacancy
21.70%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,760
Cap Rate 7%
$364,829
Cap Rate 9%
$283,756
Alternative Uses
Best Use
Office B
$364.8K
$319.2K – $425.6K
NOI $25,538 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,025 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
14,365 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
91
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The 0.91-acre property is fully leased to two professional office tenants and includes paved parking.
Where is this office building located?
The property is located at 4710 E Jackson Street Muncie, IN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 0.91‑acre site with direct State Road 32 frontage; Fully leased to two professional office tenants; Approximately 14,365 vehicles travel the corridor daily, according to 2025 INDOT traffic data
