3224 Meeker Ave Muncie, IN 47302
This exceptional 3.88-acre parcel of land, located at 3224 S Meeker Ave in Muncie, Indiana (zip code 47302), presents a unique opportunity for industrial development. Currently zoned for industrial use, this property boasts a significant advantage: a large portion of the site is already covered with concrete or asphalt, minimizing site preparation costs. The property's history as the former Duffy Tool and Stamping site provides a solid foundation for various industrial applications. The seller is actively completing environmental remediation in collaboration with the Indiana Department of Environmental Management (IDEM), ensuring a clean and compliant site for future development. This property is ideal for businesses seeking a ready-to-develop industrial space in a convenient Muncie location. Note that this is a separate sale from two adjacent parcels (a 6.6-acre intensely zoned industrial parcel and a 1.3-acre R2 zoned parcel) also available for purchase by the same owner. Each parcel can be purchased individually or as a package, subject to availability. The asking price for this specific 3.88-acre lot is $97,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.