5400 W Kilgore Avenue, Muncie, IN

Land for Sale - $195,000 - 25.26 acres


Agent Info

Jacob Wagner
Coldwell Banker Real Estate Group

Property Info

CIMLS#1151221
Location
  5400 W Kilgore Avenue
  Muncie IN 47304
UpdatedDecember 6th, 2023
TypeLand
Price$195,000
Land25.26 acres

Property Description

This exceptional 25-acre parcel presents an outstanding development opportunity, prominently situated along State Road 32W, a prominent thoroughfare in the western Muncie area. The property boasts a diverse layout, featuring approximately 5 acres of well-maintained paved space, along with an additional 7 acres of fertile tillable land. The front section is securely fenced, while the rear part includes a specialized treatment facility and three retention/settling ponds thoughtfully designed along the White River. Notably, the front half of this property is currently under lease to AEP for three years, generating a steady annual income of $30,000, paid in full at beginning of new lease year. The details of this lease agreement will be made available upon acceptance of a purchase agreement.


Financials


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