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    206 Ontario Dr Muncie, IN 47303

    Sponsored
    For Lease
    $6 SF/Yr

    12,000 SF Secure Outdoor Storage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents approximately 12,000 square feet of outdoor storage space situated within the established Bigger Garage Self Storage facility in Muncie, Indiana. Located in the convenient and secure north Muncie Airpark industrial park at 206 W Ontario Dr, Muncie, IN 47303, this single-tenant property offers immediate income potential. The land is currently utilized for outdoor storage, providing ample space for various uses. Currently available unit sizes include 10x10, 10x15, and 15x20, catering to a diverse range of storage needs. This property presents a unique opportunity for investors seeking a stable, income-generating asset in a desirable location. The existing infrastructure within the Bigger Garage Self Storage facility provides a secure and well-maintained environment. Furthermore, there exists potential for expansion, with the possibility of adding enclosed storage units to further enhance the property's value and rental income. This is a prime opportunity to acquire a well-positioned outdoor storage asset in a growing industrial area of Muncie. The property's location within the Airpark industrial park offers excellent accessibility and visibility. This land parcel provides a solid foundation for continued growth and profitability. Serious inquiries are encouraged.

    Property Features for 206 Ontario Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $6

    HighLights

    • 12,000 SF of outdoor storage space in Muncie, IN's Bigger Garage Self Storage facility.
    • Located in the secure north Muncie Airpark industrial park at 206 W Ontario Dr, Muncie, IN 47303.
    • Offers immediate income with unit sizes of 10x10, 10x15, and 15x20.
    • Potential for expansion by adding enclosed storage units.
    • Excellent accessibility and visibility in a growing industrial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shelter Insurance - Katy ... Insurance Agency Bigger Garage Self-Storage Self-Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.389231945295
    Latitude
    40.229336772507

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    FAQs

    What type of property is this?
    Land - 12,000 SF Secure Outdoor Storage
    Where is this land located?
    The property is located at 206 Ontario Dr Muncie, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 12,000 SF of outdoor storage space in Muncie, IN's Bigger Garage Self Storage facility.; Located in the secure north Muncie Airpark industrial park at 206 W Ontario Dr, Muncie, IN 47303.; Offers immediate income with unit sizes of 10x10, 10x15, and 15x20.
    Request Owner's contact information
    206 Ontario Dr Muncie, IN 47303
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    Muncie, IN 47303
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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
    206 Ontario Dr Muncie, IN 47303
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