Property profile

0 Morrison Rd Muncie, IN 47304

OFF-MARKET
Land
1.88 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.88 ac (81,893 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Morrison Rd Muncie, IN 47304
Muncie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Morrison Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message