0 Morrison Rd, Muncie, IN 47304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.