3607 N Wheeling Ave - Office FOR SALE


Muncie, IN 47304- North Muncie
$940,000 USD
765-282-7785
3607 N Wheeling Ave, Muncie, IN for Sale
$940,000 USD
Office - FOR SALE
1/3
null | 6.47% Cap Rate

3607 N Wheeling Ave
Muncie, IN 47304
North Muncie


HIGHLIGHTS

  • 3,000 SF single-tenant building built in 2016
  • Long-term lease in place through 2029
  • NOI of $60,821.04 with 6.5% CAP rate
  • Build-to-suit for Ruoff with modern design
  • Located on a high-visibility corridor in Muncie
  • Low-maintenance investment with stable income

OVERVIEW

This single-tenant investment property offers a 3,000-square-foot building constructed in 2016 as a build-to-suit for Ruoff. The property is currently leased through 2029, providing a stable income stream with a Net Operating Income (NOI) of $60,821.04 and a 6.5% capitalization rate. The building sits on a well-positioned site along N. Wheeling Avenue, a high-visibility corridor in Muncie, Indiana. The structure features modern construction and design, ensuring minimal near-term maintenance. Annual real estate taxes are $12,000, and insurance costs are $3,117.96, making this a low-risk, income-producing asset for investors seeking long-term stability. With a strong tenant in place and a lease extending for several more years, this property represents a secure opportunity for buyers focused on predictable returns and minimal management responsibilities.

FOR SALE DETAILS

PRICE

$940,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

BL

APN/PARCEL ID

18-07-33-351-011.000-003

ASK ABOUT THIS PROPERTY

Austin SchmaltzADM Commercial PropertiesMore Info
765-282-7785

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Austin SchmaltzADM Commercial PropertiesMore Info
765-282-7785

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