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    3401 Community Dr Muncie, IN 47304

    Sponsored
    For Sale
    $295,000

    Prime 0.94-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.94-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 3401 Community Drive, this property is zoned BV - Variety Business, offering considerable flexibility for a wide range of commercial ventures. The asking price is $295,000, translating to a land value of $313,829 per acre, reflecting the desirability of this location within the thriving Muncie market. The property's address is easily accessible and boasts high visibility, making it ideal for businesses seeking strong exposure to potential customers. Its size provides ample space for development, allowing for the construction of a substantial building or the creation of a sizable parking area. Situated in Delaware County, Indiana, with a zip code of 47304, this property benefits from the established infrastructure and amenities of the Muncie area. The BV zoning designation opens doors to a variety of commercial uses, making it an attractive option for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the full potential of this prime commercial land offering. Detailed information regarding permitted uses under the BV zoning classification is readily available upon request. This is a rare opportunity to acquire a well-located, sizable commercial lot in a growing Indiana market.

    Property Features for 3401 Community Dr

    General Information

    Property type
    Land
    Lot Size
    40,946 SF

    HighLights

    • $295,000 asking price for this commercial land parcel.
    • 0.94‑acre lot located in Muncie, Indiana.
    • BV - Variety Business zoning designation.
    • $313,829 per acre land value.
    • Property address: 3401 Community Drive, Muncie, IN 47304.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kitchen & Bath Design ... Plumbing Supply Store Lee Supply Muncie: ... Plumbing Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4268372
    Latitude
    40.2175615

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    FAQs

    What type of property is this?
    Land - Prime 0.94-acre commercial lot
    Where is this land located?
    The property is located at 3401 Community Dr Muncie, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: $295,000 asking price for this commercial land parcel.; 0.94-acre lot located in Muncie, Indiana.; BV - Variety Business zoning designation.
    Request Owner's contact information
    3401 Community Dr 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
    3401 Community Dr Muncie, IN 47304
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