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    4501 Superior Dr Muncie, IN 47303

    Sponsored
    For Sale
    $4,500,000

    74,880 SF Office, Industrial Space

    Property size:
    74,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 74,880-square-foot executive office building in Muncie, Indiana, is offered at $4,500,000 ($60.10/SF). Built in 1999, this well-maintained, fully furnished property boasts numerous private offices, multiple training and conference rooms, a fitness center with locker rooms, and a full cafeteria/kitchen with an attached outdoor patio and pergola. The building sits on an 11.436-acre lot and includes 688 parking spaces in a landscaped, ultra-clean parking field. Features include a Carlisle Golden Seal Total Roofing System, HVAC units (1 x 50 ton & 1 x 15 ton), and one drive-in door with potential for dock additions. Its adaptable design offers excellent industrial/warehouse conversion potential. Conveniently located 1.3 miles from the Delaware County Regional Airport and situated on the 62-mile Cardinal Greenways Trail, this property also benefits from an on-site public transit bus stop (MITS Route 6). An adjacent 6.83-acre lot owned by the Muncie-Delaware Co. EDC is expandable and offers support for businesses locating or expanding in the area. The property has recently been appraised at $75 per square foot. This move-in ready property presents a unique opportunity for a variety of uses.

    Property Features for 4501 Superior Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    74,880 SF
    Lot Size
    498,152 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Navient Call Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -85.3955713
    Latitude
    40.2294333

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    FAQs

    What type of property is this?
    Industrial property - 74,880 SF Office, Industrial Space
    Where is this industrial property located?
    The property is located at 4501 Superior Dr Muncie, IN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    Request Owner's contact information
    4501 Superior Dr 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
    4501 Superior Dr Muncie, IN 47303
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