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2401 S Monroe St 19,800 SF 100% Leased Industrial Building Muncie, IN 47302 $579,000 ($29.24/SF)
Investment Highlights
- Competitively priced below recent appraised value of $650,000.
- Multi-tenant configuration for income diversification.
- Strong regional economy with skilled labor pool.
- Recently upgraded with new roof and fresh paint.
- Prime location near high-traffic corridors.
Executive Summary
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.
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.
Property Facts
| Price | $579,000 | Rentable Building Area | 19,800 SF |
| Price Per SF | $29.24 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1959/2025 |
| Property Type | Industrial | Parking Ratio | 1.01/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 0.57 AC | ||
| Zoning | I-1 - Light Industrial | ||
| Price | $579,000 |
| Price Per SF | $29.24 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.57 AC |
| Rentable Building Area | 19,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2025 |
| Parking Ratio | 1.01/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I-1 - Light Industrial |
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-11-22-179-004.000-003 | Improvements Assessment | $235,900 |
| Land Assessment | $22,000 | Total Assessment | $257,900 |
Property Taxes
Parcel Number
18-11-22-179-004.000-003
Land Assessment
$22,000
Improvements Assessment
$235,900
Total Assessment
$257,900
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2401 S Monroe St
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