2401 S Monroe St 19,800 SF 100% Leased Industrial Building Muncie, IN 47302 $750,000 ($37.88/SF) 8.64% Cap Rate

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.