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Executive Summary

Opportunity to own a great investment property located at the Gateway to downtown Muncie Indiana.? The Star Bank building includes a diversified mix of quality tenants with long term leases.? Anchor tenants include Star Financial Bank, Praxis Risk Services, Coldwell Banker Real Estate Group and the Federal Bureau of Investigation.? A majority of the tenant spaces have been remodeled with many leases extending into 2030.? The property has a long history of strong demand and low turnover.? Total current income is in excess of $610,000 annually showing a cash on cash 7.2% return.? This 3 story property is in excellent condition and has been well maintained.? 100% occupancy with 9 tenant spaces ranging from 1022 sq ft to 8700 sq ft.?

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
41,499 SF
Building Class
C
Year Built/Renovated
1989/2025
Price
$3,900,000
Price Per SF
$93.98
Cap Rate
7.18%
NOI
$280,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,833 SF
Slab To Slab
10’
Building FAR
0.44
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
CB - Commercial Business District
Parking
142 Spaces (4.18 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Signage
  • Air Conditioning
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The FBI began in 1908 as a small investigative force within the Department of Justice and took its current name in 1935. The agency protects the American people and upholds the Constitution while enforcing federal criminal laws and addressing intelligence threats. Its work spans counterterrorism, counterintelligence, cyber crime, public corruption, civil rights, organized crime, white-collar crime, and violent crime. The FBI also provides criminal justice services and supports partnerships, crime reporting, and public safety efforts across the country.

  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

United Way began in Denver in 1887, when local organizers formed the Charity Organization Society to coordinate community services and a single fundraising campaign that grew into the United Way movement. The organization now mobilizes communities through local fundraising, volunteer support, disaster relief, and programs focused on health, youth opportunity, and financial security. United Way Worldwide serves as a global network that connects local affiliates, partners, donors, and volunteers to address community needs and advance the common good.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $9.99 Lorem Ipsum Jan 0000
Services - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
18-11-09-479-008.000-003
Land Assessment
$395,200
Improvements Assessment
$1,128,200
Total Assessment
$1,523,400
  • Listing ID: 41379212

  • Date on Market: 7/21/2026

  • Last Updated:

  • Address: 400 N High St, Muncie, IN 47305

Contact the Sale Advisor

Star Plaza | 400 N High St

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