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Property profile & analytics
OFF-MARKET
Industrial properties

3224 Meeker Ave Muncie, IN 47302

520 SF 3.88 ac lot Built 1994
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-2257719
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 520 SF
Lot 3.88 ac (169,013 SF)
APN 18-11-23-451-037.000-003
UPID US31-2257719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
R8 Storage LLC · 1 yrs held
R8 Storage LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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