Property summary
This expansive industrial property in Muncie, Indiana, offers a variety of flexible spaces ideal for manufacturing or warehousing operations. The 350,000 square foot building sits on an 8-acre lot and features multiple suites, currently offering three available spaces ranging from 27,500 to 47,000 square feet. Ceiling heights vary from 13 to 23 feet, accommodating diverse operational needs. The property boasts ample loading capabilities with a total of three loading docks and one drive-in door across the available spaces. Additional features include extensive truck staging areas, lighted parking, and a well-maintained building exterior. The building's roof is constructed of commercial-grade built-up and metal roofing. One available space (27,500 sq ft) features 23-foot ceilings, three dock doors, and a large drive-in door, and will be available October 2024. Another (47,000 sq ft) offers 16-foot ceilings, one interior dock, and three drive-in doors, available April 1, 2024, and is divisible into smaller units. The property's location within Muncie's downtown Industrial Center provides excellent access to transportation and infrastructure. The lease rate is $3.00 per square foot per year, net-net. Additional smaller spaces are also available for lease in separate buildings on the property.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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