1301 E Riggin Road

1301 E Riggin Rd, Muncie, Indiana 47303

  • Property Subtypes Office Building , Other
  • Building Size (RSF) 14,984 SF
  • Gross Building Area 14,984 SF
  • Building Status Existing
  • Sale Price $899,000.00 Total
  • Unit Price $60 per SF
  • Property Use Type Vacant/Owner-User
  • Class of Space Class B
  • Total Land Size 12.64 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 4/1/2020
  • Status active

Overview / Comments

Reduced! Situated on 12.64 acres, this property is suitable for a variety of uses. Formerly the Moose Lodge, the primary building of 14,984 square feet has been renovated into beautiful and unique office space. The common areas boast high, beamed ceilings and large, open areas for work stations or group gatherings. Includes spacious private offices and conference room with kitchenette and restroom, large break room with equipped kitchen, multiple restrooms throughout the building, finished mezzanine area (approximately 900 additional square feet) and fiber internet. There is an additional "cabin" containing 1,940 square feet of newly renovated space (interior and exterior) including a large seating area, kitchen, bar and restrooms. This is the perfect venue for meetings or small group gatherings and is currently being rented for parties, showers, weddings and more. The cabin has a private drive off the main parking lot and is situated on a beautiful wooded area of the property, which also includes a pond. The cabin has city water (from primary building) and septic system. An additional 1,664 SF pole barn is also included and is used as storage. Potential uses include funeral home, daycare, religious facility, charter school, winery, brewery, weddings, banquets, etc. This is truly a unique and well maintained property that must be seen to be appreciated.

Financials

  • Finance Data Year 2019
  • Real Estate Taxes - Annual($) 26,613.64
  • Tax Value Land $122,200
  • Tax Value Improvements $625,900
  • Assessed Value - Total($) 748100

Additional Details

  • Tax ID/APN 18-07-34-226-014.000-003
  • Zoning Business Professional
  • Property Visibility N/A
  • Total Number of Buildings 3
  • Number of Stories 1
  • Year Built 1970
  • Year Renovated 2010