1300 W University Avenue Muncie, IN $ 800,000
1300 W University Avenue
$ 800,000
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1300 W University Avenue

Muncie, IN, 47303
$ 800,000
Bedrooms-- Baths-- Sq 20,029

Monthly Estimate*

$ 4,926

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Commercial Property for sale in Muncie, IN

for $800,000. This 20,029 square foot building was built in 1914 on a lot size of 1.46.

Historic Colonial Revival mansions don't hit the market that often and this Hazelwood Mansion is one of the most incredible properties in Indiana. It features a central portico with Ionic order columns and has a 2+1/2-story rear service wing. Initially when it changed ownership in 2017, historic preservation soon began with newly finished hardwood floors, all new plumbing, updated electrical, new technology installs, fresh paint inside and out, new elegant wallpaper, and many new lights. The foyer has an incredible 31ft ceiling with a custom spiral staircase. Every part of this home is custom made including the floors, trim, plastered crown mould, window mouldings, curved windows, hardware, etc. One of the first things you notice walking up the building is the custom glazed tile exterior and marble, which were allegedly imported from Italy. This is 14,372 SF of above grade finished space with another 5,657 SF in the full basement. The main floor bathrooms were converted to mens/women's stalls (3 each). There are 5 furnaces/AC and a mini-split. The roof is imported tile and there are extra tiles. Brief History: "The Hazelwood Mansion was built in 1915 by Alva Kitselman. The mansion was originally on 25 acres of land. Alva made his fortune by manufacturing the first steel roller skates by putting ball bearings into them. In 1900 Alva and his brothers started a wire fence factory in Muncie. The Hazelwood Mansion was placed on the National Register of Historic Places on September 8, 1994. It was named Hazelwood after the property's abundant hazelnut trees." This is currently in use by Parlour, a local salon, but this could easily be converted to any office use. I can see how this property could house a collection of private salons, massage therapist, counseling services, yoga, or any number of multiple businesses with a common front desk. There's ample parking too and this is located just minutes from the heart of the Ball State campus. Here's your chance to own a piece

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Commercial Pending

Price

$ 800,000

Property Type

Commercial

Taxes

$ 23,930

Style

Business

Lot Size

1.46

Year Built

1914

Town/City

Muncie

County/Region

Delaware

MLS | Web ID

22021718

Features
General
Heating Baseboard Electric Forced Air Natural Gas Other
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Water Connected
Possession Negotiable
Roof Tile
Zoning R2
Year Built 1914
Stories Count 3
Township Center
Property Subtype Business
Tax Year 2023
Current Use See Remarks
Building Name Hazelwood Mansion
County Delaware
New Construction N
Property Type Commercial Sale
Possible Use See Remarks
Status Pending
Directions GPS Friendly
High School Muncie Central High School
City Muncie
High School District Muncie Community Schools
MLS Area 1808 - Delaware - Center
Lot Size Square Feet 63598
Elementary School West View Elementary School
Current Financing Conventional VA
Middle/Junior High School Northside Middle School
Additional Parcels Y/N N
Standard Status Pending
Tax Lot 1
Legal Description Kitselman Estates Lot 1 S09 T20 R10 1.46 Ac
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Exterior
Fencing Gate
Parking Features Common Asphalt Guest
Building Area Total 20029
Lot Size Acres 1.46
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Real Estate Group

Broker

steveslavin@coldwellhomes.com

Email

Affordability Calculator

$6,920
Per Month
71%
29%
0%
Monthly Principal & Interest
$4,926
Monthly Property Taxes
$1,994
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4260424 Elementary School
4046431 Middle School
Muncie Central High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2025$800,000 Listed Price

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1300 W University Avenue, Muncie, IN, 47303 is a Commercial Property for sale at $800,000 with 20,029 sqft and a lot size of 1.46. 1300 W University Avenue was built in 1914. The property's zip code is 47303 which is in Muncie, IN