About 5400 W Kilgore Avenue
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.
Features of 5400 W Kilgore Avenue
| MLS® # | 202339955 |
|---|---|
| Price | $195,000 |
| Square Footage | 1,089,000 |
| Acres | 25.26 |
| Type | Lots and Land |
| Sub-Type | Industrial Land |
| Status | Active |
Community Information
| Address | 5400 W Kilgore Avenue |
|---|---|
| Subdivision | None |
| City | Muncie |
| County | Delaware County |
| State | Indiana |
| Zip Code | 47304 |
Amenities
| Is Waterfront | No |
|---|
Exterior
| Lot Description | Other |
|---|
School Information
| District | Yorktown Community Schools |
|---|---|
| Elementary | Pleasant View (K-2) Yorktown (3-5) |
| Middle | Yorktown |
| High | Yorktown |
Additional Information
| Days on Market | 388 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jacob Wagner |
|---|---|
| Office | Coldwell Banker Real Estate Group |
| Contact Info | Agent: 317-448-8852 |