109, 107, 113 E Main Street new Save Request In-Person Tour Request Virtual Tour
Muncie,IN 47305
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,472 sqft
Price per Sqft $65
MLS Listing ID 202533814
Style Two Story
Bedrooms 1
Full Baths 1
Half Baths 1
Year Built 1927
Annual Tax Amount $3,000
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Other
Property Description
After a complete remodel, this exceptional downtown Muncie property is now available and ready for a new owner. The main level has been transformed into a stunning retail space, currently leased by Parlour, one of Muncie's premier salons. The first floor offers a welcoming retail area with custom-built-ins, a luxurious ADA-accessible restroom, a stylish kitchenette, two private office spaces, multiple storage closets, and a staircase that leads to the upstairs apartment. For privacy, this staircase has been closed off, allowing each level to function independently. The upstairs apartment is a true showpiece. It features a Richard's Kitchen & Bath design with top-of-the-line Mouser cabinetry, quartz countertops, and high-end GE Café appliances. With vaulted 14-foot ceilings, a loft space for additional guests, custom closet systems, and a spa-like bathroom with laundry, this unit is both functional and luxurious. Given its location in the heart of downtown, it could easily become one of the most desirable Airbnb rentals in Muncie. This sale also includes the full parking lot at 113 E Main Street, and there is an opportunity to purchase the adjacent 107 E Main Street building for an additional $80,000. The 107 property, formerly The Mark III Tap Room, retains its original wood bar, offers an upstairs office, and includes Phase 3 electrical, making it a strong candidate for future redevelopment. Initially, the 107 building will only be sold in conjunction with 109. The Parlour Salon is income-producing with the lease at $2,180 per month through January 31, 2030. The tenant pays utilities, and the lease includes a five-year renewal option with a 5% rent increase for the next term. Recent updates include all new plumbing, electrical, roof, windows, two furnaces and AC units, a water heater, and Nest camera systems. The property also has a rare basement with poured walls. In addition to its excellent condition and strong tenant, this property is located within Muncie's River District, which makes it eligible for a highly sought-after three-way liquor license from the city for only $2,000. NOTE: Muncie just released the application for facade grant money, and this 107 building qualifies. This is a rare opportunity to acquire a fully remodeled, income-generating downtown property with long-term stability, prime location, and tremendous future potential.
Location
State IN
County Delaware County
Area Delaware County
Zoning BC Community Business Zone
Rooms
Dining Room 0 x 2180
Interior
Flooring Mixed,Wood,Tile
Laundry , 5
Exterior
Exterior Feature None
Garage Spaces 1.0
Fence None
Amenities Available Basement,Ceiling Fan,Storage,Alarm System-Security,Bar,Built-In Bookcase,Built-In Home Theatre,Cable Available,Ceiling-9+,Countertops-Stone,Detector-Carbon Monoxide,Detector-Smoke,Eat-In Kitchen,Garden Tub,Twin Sink Vanity,Water Heater Electric,Water Softener-Rented,Sump Pump,Washer Hook-Up
Roof Type Rubber
Building
Lot Description Level,0-2.9999
Story 2
Structure Type Brick,Masonite
New Construction No
Schools
Elementary Schools East Washington Academy
Middle Schools Northside
High Schools Central
School District Muncie Community Schools
Others
Virtual Tour https://my.matterport.com/show/?m=ejTcniyEB4c&brand=0