Historic Brick 2 Story Downtown Muncie

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30778403
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 3,859 SF
Gross Land Area: 0.06 Acres
Sale Price: $149,000
Unit Price: $38.61 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/6/2022

Overview / Comments

Historic 2 story building in downtown Muncie Indiana with 4000 square feet. Quality remodel of an older structure into a very functional office layout including 2 story open foyer, curved walls, glass block partitions, built in reception desk and much more. Significant investment by the current including 2 new high efficiency HVAC units. Multiple possibilities such as office, retail, live-work space or convert to apartments. You will not be disappointed by this property.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $2,792 (Annual)
Tax Value Land $10,500
Tax Value Improvements $82,600
Assessed Value - Total($) $93,100 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $2,489 (Annual)
Tax Value Land $10,500
Tax Value Improvements $72,500
Assessed Value - Total($) $83,000 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $2,351 (Annual)
Tax Value Land $9,700
Tax Value Improvements $68,700
Assessed Value - Total($) $78,400 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $2,715 (Annual)
Tax Value Land $9,700
Tax Value Improvements $80,800
Assessed Value - Total($) $90,500 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $2,400 (Annual)
Tax Value Land $9,700
Tax Value Improvements $70,300
Assessed Value - Total($) $80,000 (Annual)

Additional Details

Nearest MSA: Muncie
County: Delaware
Tax ID/APN: 18-11-15-106-012.000-003
Zoning: CB CENTRAL BUSINESS
Retail Clientele: General, Business
Property Located Between: Charles and Adams Streets
Largest Nearby Street: Jackson (SR 32)
Feet of Frontage: 45
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1900
Year Renovated: 1987
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 3
Parking Type: Surface
Parking Description: 3 spots on site additional available to lease in adjacent lot
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Package Unit
Interior Description: Open foyer area with curved walls and glass partitions from previous landscape architecture office which occupied this space.
Zoning Description: CB Central Business
Lot Frontage: 45
Lot Depth: 62.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT NW QTR E 62 HLF FT X 40 FT S15 T20 R10 0.060 AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,641 69,199 88,344
Median Age: 29.55 34.23 36.17
Households: 5,573 27,191 35,038
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