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225 N High St
Muncie, IN 47305
Office Property For Sale
Executive Summary
Prime downtown Muncie Building and Parking Lots. This 20,000 sq ft 2 story commercial building with 3 parking lots and 50 parking spaces is now available for sale. Located across from City Hall and adjacent to the proposed High Pointe Station Development Opportunity to redevelop or continue leasing as office space. This property was originally built as an automotive dealership in 1928 and later redeveloped into the "Federal Building" with federal government office tenants as well as local office tenants. Amenities include passenger elevator, 2 sets of commercial restrooms and two sets of stairwells. Currently there are five leased tenant spaces plus parking space leases.
This offering includes four parcels.
This offering includes four parcels.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built
1950
Price
$945,000
Price Per SF
$47.25
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,942 SF
Building FAR
1.28
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
30 Spaces (1.5 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 18-11-09-482-008.000-003 | Improvements Assessment | $629,300 |
| Land Assessment | $86,100 | Total Assessment | $715,400 |
Property Taxes
Parcel Number
18-11-09-482-008.000-003
Land Assessment
$86,100
Improvements Assessment
$629,300
Total Assessment
$715,400
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