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    OFF-MARKET
    Land

    0 Morrison Rd, Muncie, IN 47304

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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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