About 400 N High Street
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.
Features of 400 N High Street
| MLS® # | 202629077 |
|---|---|
| Price | $3,490,000 |
| Bathrooms | 7.00 |
| Square Footage | 94,090 |
| Acres | 2.16 |
| Year Built | 1989 |
| Type | Commercial |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 400 N High Street |
|---|---|
| Subdivision | None |
| City | Muncie |
| County | Delaware County |
| State | IN |
| Zip Code | 47305 |
Amenities
| Features | Passenger Elevator |
|---|---|
| Parking Spaces | 140 |
| Parking | Lot, Off-Street, Paved |
| Is Waterfront | No |
Interior
| Interior | Drywall |
|---|---|
| Heating | Conventional, Forced Air, Heat Pump |
| Cooling | Central Air, Other, Multiple Cooling Units |
| # of Stories | 3 |
| Basement | Partial Basement, Slab |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | 0-2.9999 |
| Roof | Asphalt, Shingle |
| Construction | No |
| Water Name | White River |
Additional Information
| Days on Market | 52 |
|---|---|
| Zoning | CB Central Business Zone |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Brian Allardt |
|---|---|
| Office | Coldwell Banker Real Estate Group |
| Contact Info | Cell: 765-808-1400 |