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    Hessler Rd Muncie, IN 47304

    Sponsored
    For Sale
    $49,900

    Prime 5-acre commercial lot, ideal residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 5.06-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located on Hessler Rd, this property boasts an attractive asking price of $49,900, translating to $9,861 per acre. The land is zoned R3 Residential, making it suitable for various residential development projects. Access is provided via a private drive easement off Hessler Road. A notable feature is a pond situated on the northeast corner of the property, adding to its aesthetic appeal. The property's location offers the tranquility of a country setting while remaining conveniently close to Muncie's amenities. The parcel consists of two combined lots (APN: 18-06-36-451-023.000-040). It's important to note that the seller is tax-exempt, and the reflected tax amount solely represents a ditch assessment. Current city ordinances prohibit livestock or farm animals on the property. This makes it an excellent choice for residential development projects that prioritize a peaceful, yet accessible location. The property's size and zoning offer significant potential for a variety of residential building projects. Serious inquiries are encouraged.

    Property Features for 0 Hessler Rd

    General Information

    Property type
    Land
    Lot Size
    220,414 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4465444
    Latitude
    40.2190859

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    FAQs

    What type of property is this?
    Land - Prime 5-acre commercial lot, ideal residential development.
    Where is this land located?
    The property is located at Hessler Rd Muncie, IN.
    What is the asking price?
    The asking price for this property is $49,900.
    (765) 282-7785
    Request Owner's contact information
    Hessler Rd 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
    Hessler Rd Muncie, IN 47304
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