3121 Walnut St, Muncie, IN 47302-5672
This single-tenant industrial property, located at 3121 S Walnut St, Muncie, IN 47302, offers 13,562 square feet of versatile manufacturing space. Built in 1961, the building sits on 1.92 acres and features a 14-20 foot ceiling height, ideal for various manufacturing needs. The property includes approximately 9,520 square feet of shop area equipped with bus duct and air lines, along with updated front and rear offices, all centrally heated and cooled. Restrooms are conveniently located in both the front and rear areas. Power is robust, boasting 240V, 800 amp, 3-phase service. The property also benefits from one drive-in door for easy loading and unloading. Exterior improvements are planned, including fresh paint and repairs. The mostly fenced yard provides ample space, complemented by paved parking. The property is zoned for Variety Business and has an APN of 18-11-21-476-010.000-003. Annual property taxes are $0.42 per square foot. This well-maintained property presents a unique opportunity for businesses seeking a functional and efficient workspace in a convenient Muncie location.
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Ken-Bar Tool & Engineering Inc Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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