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Financial
Distress signals
Property profile

2401 S Monroe St Muncie, IN 47302

FOR SALE
Manufacturing properties
Property ID
US31-1507831
11,520 SF 0.57 ac lot Built 1959
Last sale Dec 2022 · $273,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This multi-tenant industrial property is located in Muncie, Indiana, on a 0.57-acre lot and is zoned for light industrial use. The building contains over 19,800 square feet and includes four overhead doors, 3-phase power, and two kitchen/common areas. Interior improvements include a replaced metal and granulated torch roof, fresh interior and exterior paint, new flooring, and updated vanity, cabinet, countertop, and fixture finishes, along with a Goodman air conditioning and furnace system. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$205k
Assessed land$22k
Assessed improvement$183k
Effective rate3.32%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$275k
NOI build-up
Gross scheduled income$378k
Vacancy & credit loss−$36k
Operating expenses−$103k
NOI · 31.95% cap applied$240k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
31.95%
$240k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.4
Dental Office27.3
Building Supply22.4

Location

2401 S Monroe St Muncie, IN 47302
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
3690 Hoyt, Muncie, IN 47302-4900 $350,000 Feb 2024 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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