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    Morrison Rd Muncie, IN 47304

    Sponsored
    For Sale
    $400,000

    1.88-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.88-acre industrial land parcel presents a remarkable opportunity for development. Strategically located in Muncie, Indiana, on Tract #2 N Morrison Road, this property enjoys convenient access to major thoroughfares, placing it within easy reach of a thriving commercial hub. Situated just north of SR 332 and Bethel Avenue, the site benefits from high visibility and excellent connectivity. Nearby established businesses include American Health Network, PetSmart, Lowe's, and Walmart, ensuring a strong commercial presence and potential customer base. The property is zoned for variety business use, offering flexibility for a range of industrial or commercial projects. The expansive lot size provides ample space for construction and future expansion. With its ideal location, versatile zoning, and substantial acreage, this property represents a compelling investment opportunity for developers seeking a prime location in a growing market. The property is served by Wes-Del Community Schools. The asking price is $400,000. The legal description is Tract #2 N Morrison Road, Muncie, IN 47304, Delaware County.

    Property Features for 0 Morrison Rd

    General Information

    Property type
    Land
    Lot Size
    81,893 SF

    HighLights

    • 1.88‑acre industrial land parcel in Muncie, IN.
    • Convenient access to major thoroughfares and high visibility near SR 332 and Bethel Avenue.
    • Located near established businesses like American Health Network, PetSmart, Lowe's, and Walmart.
    • Zoned for variety business use, allowing for flexible development.
    • Asking price: $400,000.
    • Legal description: Tract #2 N Morrison Road, Muncie, IN 47304, Delaware County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.442779122544
    Latitude
    40.222986673201

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    FAQs

    What type of property is this?
    Land - 1.88-acre industrial lot, prime location.
    Where is this land located?
    The property is located at Morrison Rd Muncie, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 1.88-acre industrial land parcel in Muncie, IN.; Convenient access to major thoroughfares and high visibility near SR 332 and Bethel Avenue.; Located near established businesses like American Health Network, PetSmart, Lowe's, and Walmart.
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    Morrison 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
    Morrison Rd Muncie, IN 47304
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