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    5400 Kilgore Ave Muncie, IN 47304

    Sponsored
    For Sale
    $195,000

    25-Acre Industrial Land, Income Producing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25.26-acre commercial and industrial land parcel offers a unique investment opportunity in Muncie, Indiana. Strategically located on West Kilgore Avenue, this property benefits from high visibility along State Road 32W, a major thoroughfare in western Muncie. The diverse layout includes approximately 5 acres of paved area, ideal for immediate use, and 7 acres of tillable land, presenting further development potential. A secure fence encloses the front section, while the rear features a treatment facility and three retention/settling ponds situated near the White River. Intense industrial zoning allows for a wide range of uses. Currently, the front half of the property is leased to AEP for three years, generating a consistent annual income of $30,000, payable at the start of each lease year. Detailed lease information will be provided upon execution of a purchase agreement. The property's APN is 18-10-13-401-002.000-016. This property is priced at $195,000 and presents a compelling blend of immediate income and long-term development prospects. The address is 5400 W Kilgore Ave, Muncie, IN 47304.

    Property Features for 5400 Kilgore Ave

    General Information

    Property type
    Land
    Lot Size
    1,100,326 SF

    HighLights

    • Asking Price: $195,000
    • 25.26‑acre land parcel in Muncie, Indiana, zoned Intense Industrial
    • Located on State Road 32W with excellent visibility and access.
    • Features approximately 5 acres of paved area and 7 acres of tillable land.
    • Includes a fenced front section, treatment facility, and three retention/settling ponds.
    • Front half currently leased to AEP for three years, generating $30,000 annual income (lease details available upon request).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4487052
    Latitude
    40.1812564

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    FAQs

    What type of property is this?
    Land - 25-Acre Industrial Land, Income Producing
    Where is this land located?
    The property is located at 5400 Kilgore Ave Muncie, IN.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Asking Price: $195,000; 25.26-acre land parcel in Muncie, Indiana, zoned Intense Industrial; Located on State Road 32W with excellent visibility and access.
    Request Owner's contact information
    5400 Kilgore Ave Muncie, IN 47304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5400 Kilgore Ave Muncie, IN 47304
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