5400 Kilgore AveMuncie, IN 47304

Property Details for 5400 Kilgore Ave

Lot size

25.26 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 25.26-acre commercial and industrial land parcel offers a unique investment opportunity in Muncie, Indiana. Strategically located on West Kilgore Avenue, this property benefits from high visibility along State Road 32W, a major thoroughfare in western Muncie. The diverse layout includes approximately 5 acres of paved area, ideal for immediate use, and 7 acres of tillable land, presenting further development potential. A secure fence encloses the front section, while the rear features a treatment facility and three retention/settling ponds situated near the White River. Intense industrial zoning allows for a wide range of uses. Currently, the front half of the property is leased to AEP for three years, generating a consistent annual income of $30,000, payable at the start of each lease year. Detailed lease information will be provided upon execution of a purchase agreement. The property's APN is 18-10-13-401-002.000-016. This property is priced at $195,000 and presents a compelling blend of immediate income and long-term development prospects. The address is 5400 W Kilgore Ave, Muncie, IN 47304.

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.1813

Longitude

-85.4487

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