1509 S Macedonia Ave
Muncie, IN 47302
Midland Business Square · Industrial Property For Sale

Property tours are available by appointment. Please contact the listing broker to schedule a tour. **Click Here: Midland Business Square Marketing Presentation Video** Investment Highlights: - Incredibly well built and well maintained Class B+ office building - Strategically situated within Muncie's industrial corridor - Deliverable incredibly below replacement costs - Phenomenal upside potential in low basis - Can lease-up at lowest rates in market - Located in college town of Muncie, Indiana - Home of Ball State University Investment Overview: The subject property is the former home of Ardagh Glass, Inc. and consists of a parcel of land totaling 7.49 acres located on and around the intersection of South Macedonia Avenue and East 8th Street in Muncie, Delaware County, Indiana. The Property is improved with one three-story office building containing 77,347 gross SF building. The building was constructed in phases from 1912-1917 with renovations occurring sometime in the 1980's. The building is of load-bearing concrete masonry unit exterior walls and steel-framed construction with steel and structural tile floor framing. The Property includes asphalt paved driveways and pa The Property includes asphalt paved driveways and parking, lawn areas, a pavilion, fencing, concrete sidewalks and landscaping. The Property also contains undeveloped parcels covered with grass that could be used for expansion. The investment offering is perfect for a single user that is looking for the versatility office space with warehouse space for operations, as the property is located in the heart of Muncie's industrial corridor. Muncie is home to Ball State University, one of the largest public universities in the state of Indiana. As of 2015, total enrollment was 21,196 students, including 16,602 undergraduate and 4,594 postgraduate. Following APNs are included in transaction: 18-11-14-311-001.000-003 18-11-14-311-002.000-003 18-11-14-311-003.000-003 18-11-14-311-004.000-003 18-11-14-311-005.000-003 18-11-14-311-006.000-003 18-11-14-351-001.000-003 18-11-15-440-007.000-003 18-11-15-440-008.000-003 18-11-15-440-009.000-003 18-11-15-440-010.000-003 18-11-15-440-011.000-003 18-11-15-477-009.000-003 18-11-15-477-010.000-003 18-11-15-477-011.000-003