1610 Macedonia AveMuncie, IN 47302

Property Details for 1610 Macedonia Ave

Year built

1937

Construction

TYPE NOT SPECIFIED

Lot size

1.38 AC

Property size (Sq ft)

4,096 SF

Property type

Office properties

Property subtype

Other office properties

APN

18-11-14-352-011.000-003

APU

181114352011000003

Description

This exceptional 1.23-acre industrial land parcel, located at 1610 S Macedonia Ave in Muncie, Indiana, presents a unique opportunity for businesses seeking a single-tenant site. The property boasts a total of 53,578 square feet of land, ideal for various industrial uses. The site is fully fenced, providing security and privacy, with a portion (0.23 acres) utilizing barbed wire fencing. This ready-to-develop land offers flexibility for tenants to customize the site to their specific needs. Utilities are not currently installed, allowing for tailored utility connections to meet the tenant's requirements. Similarly, paving is not currently in place, providing the opportunity to design and implement a paving plan that best suits the intended use. The property's location in Muncie, Indiana, zip code 47302, offers convenient access to transportation routes and local amenities. This is a prime opportunity to establish a secure and customized industrial operation in a strategic location. The property is available for lease on a single-tenant basis. Contact us today to learn more about this exceptional industrial land opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $567,695

  6.5%

  $524,026

  7%

  $486,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,917

  Geo Method

  $508,682

• Alternative Use

  Use

  Valuation

  Residential

  $649,793

  Hospitality

  $595,206

  Educational

  $495,205

  Medical

  $512,236

  Retail

  $770,319

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.1804

Longitude

-85.3673

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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