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 | |
Updated | December 6th, 2023 |
Type | Land |
Price | $195,000 |
Land | 25.26 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.