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Courtesy of Coldwell Banker Real Estate Group, Brian Allardt, Cell: 765-808-1400
7 Baths
41,502 sqft

$3,490,000

400 N High Street, Muncie IN, 47305

Price per sqft$84.09
Built in1989
Property size41,502 sqft
Property typeCommercial

Overview

Active

Updated 12 days ago

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 income is in excess of $610,000 annually and current Profit and Loss shows a 8% return. This 3 story property is in excellent condition and has been well maintained. 100% Occupied with 9 tenant spaces ranging from 1022 sq ft to 8700 sq ft.

Additional information

MLS® ID
202629077

Interior Features

Bathrooms
7
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
2.16 Acres

Other Property Details

Taxes
$45,702
Tax Frequency
Annually
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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