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$ 610,000
Est. payment /mo
Price Dropped by $10K
114 S Walnut Street #100 & 200 Muncie, IN 47305
2,831 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202514499
Year Built 1890
Annual Tax Amount $2,738
Tax Year 2024
Lot Size 2,831 Sqft
Property Sub-Type Mixed Use
Property Description
Located in the heart of the downtown Muncie district on it's busiest most popular street, this fully remodeled building is ready for a new owner. Every inch of this historic building has been remodeled into a fantastic commercial rental space on the main floor and a luxurious 2 bed, 1.5 bath apartment on the 2nd floor (with office space on the main floor). The apartment also features a fantastic and rare 20x10 rooftop deck! The apartment virtual tour is now live and the listing agent also has a virtual tour available upon request for the first floor commercial space. The tenant pays $2,060/month through April 2026, then has the option to renew the 5-year lease for $2,250/month. The tenant is a multi-billion dollar insurance conglomerate. The apartment features 12 foot ceilings, Richard's Kitchen and Bath custom kitchen with a huge double island and large bath with double shower heads and soaking tub. You'll love the repurposing of the old dumbwaiter that is a focal point of the wet bar (with refrigerator, ice maker, and sink). Remodel details throughout were not overlooked. Custom built-ins are throughout the property. Permitted parking is located immediately outside the entry door in the public parking lot and the city trash is just outside the door in a private area. The apartment could easily be a fastastic high-end AirBnb or executive long-term rental. What's included: all high-end appliances (Italian Ilve stove - gas top, electric oven), custom Fisher Paykel refrigerator, including the 2nd refrigerator, microwave drawer, stacked washer/dryer, living room TV and soundbar, main bedroom TV, all kitchen bar stools, and the Simplisafe security system. Note: the mirror in the half bath is not included with the property. Note, the residential part of this building is 2,982 SF, and the commercial space is 1,659 SF). This is 64% residential and 36% commercial..
Location
State IN
County Delaware County
Area Delaware County
Direction Downtown Muncie, near the corner of Main St and Walnut Rd.
Interior
Flooring Carpet, Laminate, Tile
Appliance Building
Exterior
Fence None
Roof Type Rolled,Rubber
Building
Story 2
New Construction No
Others
Financing Cash,Conventional
Virtual Tour https://my.matterport.com/show/?m=VDJr2MKNmr1&brand=0
IDX information provided by the Indiana Regional MLS
Listed by Steve Slavin • Coldwell Banker Real Estate Group • Cell: 317-701-5006