2401 S Monroe St - Manufacturing FOR SALE


Muncie, IN 47302- South Muncie
$579,000 USD
317-507-5599
2401 S Monroe St, Muncie, IN for Sale
$579,000 USD
Manufacturing - FOR SALE
1/22
null | Request Cap Rate

2401 S Monroe St
Muncie, IN 47302
South Muncie


HIGHLIGHTS

  • Competitively priced below recent appraised value of $650,000.
  • Recently upgraded with new roof and fresh paint.
  • Multi-tenant configuration for income diversification.
  • Prime location near high-traffic corridors.
  • Strong regional economy with skilled labor pool.

OVERVIEW

Recently appraised for $650,000! Positioned in the heart of Muncie’s industrial corridor, this freestanding 19,800 SF building offers investors a rare opportunity to acquire a versatile asset in a thriving regional market. Zoned for Limited Industrial use, the property features four multi-tenant suites, making it ideal for both owner-users and income-focused buyers. Recent capital improvements, including a new roof and fresh interior and exterior paint, enhance long-term value and reduce near-term maintenance costs. Strategically located near E 29th Street and S Madison Street, with traffic counts exceeding 10,000 VPD, the site provides excellent visibility and convenient access to major thoroughfares. Muncie’s strong economic base—anchored by Ball State University and a robust manufacturing sector—supports a skilled workforce and steady demand for industrial space. Within a five-mile radius, the population exceeds 75,000, with household incomes trending upward, signaling a healthy local economy. This property’s competitive price point, ample parking, and flexible layout make it a compelling acquisition for investors seeking stability and growth potential in a dynamic Midwest market.

FOR SALE DETAILS

PRICE

$579,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57

LAND SF

24,829

ZONING

I-1

APN/PARCEL ID

18-11-22-179-004.000-003

ASK ABOUT THIS PROPERTY

Justin GriffithKeller Williams Indy Metro NortheastMore Info
317-507-5599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Justin GriffithKeller Williams Indy Metro NortheastMore Info
317-507-5599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.