108 S Walnut Street Muncie, IN $ 1,499,000
108 S Walnut Street
$ 1,499,000
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108 S Walnut Street

Muncie, IN, 47305
$ 1,499,000
Baths6.0 Sq 21,636

Monthly Estimate*

$ 10,471

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Studio

Commercial Property for sale in Muncie, IN

for $1,499,000 with 6 full baths. This 21,636 square foot building was built in 1880 on a lot size of 0.18.

Now is your chance to own this iconic landmark in beautiful Downtown Muncie! The Patterson Block is a historic gem, boasting original details, such as exposed brick, an original advertising mural, 100+ year old stock exchange chart, and an original staircase that adds amazing character. The building's exterior has stunning architectural details that stand as a testament to its rich past. With over 21,000 square feet of space spread across 15+ commercial suites, retail spaces, and restaurants, this property offers a unique opportunity for investors and business owners alike. The building has been meticulously maintained, with much of the building currently leased. However, there's still untapped potential to take this already remarkable space to the next level. The first floor, with its 125 feet of frontage on Walnut Street, hosts 4 commercial spaces, including 2 restaurants and 2 retail outlets. A lobby elevator provides easy access to the second and third floors, which are home to office and retail spaces. A shared conference room on the second floor offers convenience for tenants. The grand staircase leads to the third floor, where a large skylight floods the area with natural light. This floor houses additional office and retail spaces, along with a spacious ballroom boasting 13 windows that frame panoramic views of downtown Muncie. Adjacent to the ballroom, a kitchen area helps manage any food service needs, making the ballroom an ideal venue for events and an additional revenue stream. The building is has sprinklers throughout and the fire suppression system is zoned. This property is located in the Riverfront District so 3-way liquor licenses are available for $2,000 to qualified businesses. Don't miss out on this opportunity to own a piece of Muncie's history! Building has multiple addresses, property taxes show address at 105 E. Main.

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Commercial Active

Price

$ 1,499,000

Bedrooms

Studio

Full Bath

6

Property Type

Commercial

Taxes

$ 18,026

Style

Retail

Lot Size

0.18

Year Built

1880

Town/City

Muncie

County/Region

Delaware

MLS | Web ID

202408881

Features
General
Heating Forced Air Multiple Heating Systems
Cooling Central Air
Ceiling Height 15
Roof Rubber
Parking No Street
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 6
Year Built 1880
New Construction No
Subdivision None
Stories 3
Township Center
Class COMMERCIAL
Present Use Investment Property
Type Retail
Age 144
Inside City Limits Yes
Special Features Handicap Access Passenger Elevator Alley Basement Display Window(s) Office Space
REO No
Area Delaware County
Location City
City Muncie
Street Name Walnut
Legal Description B D ADD BLOCK 24 LOT 4
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202408881
Agent First Name Rebekah
Agent Last Name Hanna
DOM 38
Tax Year 2024
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Exterior
Road Access City
Exterior Brick
Driveway None
Lot Size Area 7841
Lot Dimensions 62.5x125
Fence None
Waterfront Y/N No
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Interior
Flooring Carpet Wood Tile
Basement/Foundation Partial Basement Unfinished
Walls Drywall Other
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* Excluded Features
List By
Rebekah Hanna

Listing Agent

Re/Max Real Estate Groups

Broker

rhanna@remax.net

Email

Affordability Calculator

$11,973
Per Month
87%
13%
0%
Monthly Principal & Interest
$10,471
Monthly Property Taxes
$1,502
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$1,499,000 -4.83% Price Down
3/18/2024$1,575,000 Listed Price

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108 S Walnut Street, Muncie, IN, 47305 is a Commercial Property for sale at $1,499,000 with 21,636 sqft and a lot size of 0.18. 108 S Walnut Street is a studio with 6.0 baths and was built in 1880. The property's zip code is 47305 which is in Muncie, IN