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Property profile & analytics
FOR LEASE
Medical Office Space

3631 N Morrison Rd Muncie, IN 47304

35,296 SF 3.71 ac lot Built 2006
Entity Owned Free & Clear
Property ID
US31-1911782
Property summary
AI-generated overview

This exceptional medical office space, located at 3631 N Morrison Rd in Muncie, Indiana, offers 3,544 square feet of readily available space within a multi-tenant building. Situated in Delaware County, this property enjoys a highly desirable location near IU Health Ball Memorial Hospital and Ball State University, ensuring excellent visibility and accessibility for patients and staff. The building features a convenient covered patient drop-off area, eliminating weather-related concerns for visitors. Ample parking is also provided, ensuring convenient access for both patients and employees. The property is classified as an office building with a medical office subtype, making it ideal for a variety of healthcare practices. The available space presents a fantastic opportunity for expansion or relocation for medical professionals seeking a well-situated and functional workspace. The property's proximity to major healthcare facilities and a university contributes to a strong patient base and a vibrant community atmosphere. This is a turnkey solution for medical practices looking for a move-in ready space with convenient amenities. The zip code is 47304. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 35,296 SF
Lot 3.71 ac (161,608 SF)
APN 18-06-36-476-007.000-040
UPID US31-1911782
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
Current use
Occupant on record · Public records
  • Todd L. Schroeder, MSPT Physician
  • Janelle M. Schnake, RD Physician
  • Steven Farmer Pediatrician Physician
  • Reedy Richard L MD Pediatrician Physician
  • Amanda J. Place, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.06M
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$4.37M
Owner & transaction history
Muncie 3631 Mp Wrk7 LLC
Muncie 3631 Mp Wrk7 LLC
since 2025
4 recorded transactions
2025
Price N/A
2023
Price N/A
2018
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.2M +20.9%
Auto repair, garage $3.0M +14.0%
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More about this property
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