3401 Community DrMuncie, IN 47304

  • Other commercial real estate
  • 22,396 SF
For Sale
$295,000 View listing

Property Details for 3401 Community Dr

Year built
1989
Construction
TYPE NOT SPECIFIED
Lot size
3.80 AC
Property size (Sq ft)
22,396 SF
Property type
Other commercial real estate
APN
18-11-06-276-019.000-003
APU
181106276019000003

Description

This exceptional 0.94-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 3401 Community Drive, this property is zoned BV - Variety Business, offering considerable flexibility for a wide range of commercial ventures. The asking price is $295,000, translating to a land value of $313,829 per acre, reflecting the desirability of this location within the thriving Muncie market. The property's address is easily accessible and boasts high visibility, making it ideal for businesses seeking strong exposure to potential customers. Its size provides ample space for development, allowing for the construction of a substantial building or the creation of a sizable parking area. Situated in Delaware County, Indiana, with a zip code of 47304, this property benefits from the established infrastructure and amenities of the Muncie area. The BV zoning designation opens doors to a variety of commercial uses, making it an attractive option for entrepreneurs and investors alike. Serious inquiries are encouraged to explore the full potential of this prime commercial land offering. Detailed information regarding permitted uses under the BV zoning classification is readily available upon request. This is a rare opportunity to acquire a well-located, sizable commercial lot in a growing Indiana market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,603,289
    Hospitality
    $3,300,594
    Educational
    $2,746,055
    Medical
    $2,840,496
    Retail
    $4,271,641
3401 Community Dr, Muncie, Indiana
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Location Insight

City
Muncie
County
Delaware
State
Indiana
Latitude
40.2175
Longitude
-85.4269
CBSA code
34620
CBSA name
MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,953
$298,000
$630,900
$928,900
-
$298,000
$630,900
$928,900

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