Property profile

0 Morrison Rd Muncie, IN 47304

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 2.39-acre industrial land parcel presents a remarkable opportunity for development in Muncie, Indiana. Located at Tract #1 N Morrison Road, this property boasts a highly desirable location just north of SR 332, at the northwest corner of Morrison and Bethel Avenue. Its strategic position offers unparalleled convenience, with close proximity to major retailers and services including American Health Network, PetSmart, Lowe's, and Walmart. The property is zoned for variety business use, providing flexibility for a range of industrial projects. While the lot is approximately 2.39 acres, potential buyers should be aware that it may be subject to the Corridor Development Standards outlined in Article XXX, Section 7 of the City of Muncie Zoning Ordinance. This prime location, coupled with its accessibility and zoning, makes this an ideal site for businesses seeking a strategic presence in a thriving area. The property is served by Wes-Del Community Schools. The asking price for this exceptional industrial land is $535,000. This represents a significant opportunity for investors and developers seeking a well-situated parcel in a growing market. Serious inquiries are encouraged.

Property profile

Verified
Property type Land

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
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Value estimations

Realmo proprietary · 4 methods
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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
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