1100 W Riverside Avenue
Muncie, IN, 47303
$
1,500,000
Bedrooms--
Baths--
Sq
15,572
Monthly Estimate*
$
9,236
for $1,500,000. This 15,572 square foot building was built in 1994 on a lot size of 0.62.
PUBLIC AUCTION - SATURDAY, NOVEMBER 29th at 11:00 AM (EST) THIS PROPERTY IS NOT AVAILABLE FOR SHOWINGS. CAN ONLY BE VIEWED DURING THE OPEN HOUSES. Open Houses Monday's, November 17 & November 24, 2025, 5:00 - 6:30 PM Eastern| The price stated on this property is the Guideline price | This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. | $85,000 down day of the auction. | To see all terms, please visit our website. A rare and exceptional opportunity to acquire a purpose-built fraternity, sorority, or group housing facility just steps from Ball State University! This well-maintained, turn-key property offers a flexible layout ideal for student accommodations, university-affiliated organizations, or investor use. The expansive 15,572 square-foot building sits on a generous 0.80 acre lot and features 28 private dorm-style bedrooms, one private first-floor apartment, four shared dorm bathrooms, one private full bathroom, and three half bathrooms. The thoughtful design provides privacy and comfort for residents while maintaining spacious communal areas for meetings, study groups, and social gatherings. Shared spaces include multiple lounges, a large lower-level game and fitness room, a full kitchen with appliances included, a TV auditorium, and a generous laundry area. The property also provides parking for approximately 24 vehicles - a premium convenience in this sought-after campus corridor. This building has been professionally managed and cared for over the years, with continuous improvements from 2020-2025 ensuring low-maintenance ownership for the next owner. Updates include new dorm windows throughout, upgraded Wi-Fi technology, repaved driveway and parking areas, partial roof replacement, chimney and masonry reconstruction, new rear gutters, improved drainage, and an updated concrete patio with perimeter fencing.
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Features
General
Heating
Forced Air
Natural Gas
Cooling
Central Air
Utilities
Cable Connected
Electricity Connected
Natural Gas Available
Natural Gas Connected
Water Connected
Possession
Closing
Zoning
Exempt
Private Academy
Security Features
Carbon Monoxide Detector(s)
Fire Alarm
Fire Escape
Fire Sprinkler System
Security Lights
Security System
Smoke Detector(s)
Construction Materials
Brick
Stone
Year Built
1994
Stories Count
2
Township
Center
Levels
Two
Property Subtype
Multi-Family 5+
Tax Year
2024
Current Use
Apt<20
Additional Parcels Description
Driveway
County
Delaware
New Construction
N
Property Type
Commercial Sale
Possible Use
Apt<20
Status
Active
Directions
GPS Friendly
High School
Muncie Central High School
City
Muncie
High School District
Muncie Community Schools
Number Of Units Total
29
MLS Area
1808 - Delaware - Center
Lot Size Square Feet
27007
Elementary School
West View Elementary School
Property Attached Y/N
N
Middle/Junior High School
Northside Middle School
Additional Parcels Y/N
Y
Virtual Tour
https://www.propertypanorama.com/instaview/irmls/202542734
Structure Type
Apartment Building
Standard Status
Active
Tax Lot
1507212000
Legal Description
Pt E Hlf Nw Qtr 0.6200Acres Str: 092010 In: Out:
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Interior
Basement
Finished
Basement (Y/N)
Y
Laundry Features
Laundry Room
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Exterior
Parking Features
Common
Foundation Details
Concrete Perimeter
Building Area Total
15572
Lot Size Acres
0.62
Road Surface Type
Asphalt
Road Frontage Type
City Street
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* Excluded Features
List By
Scheerer Mcculloch Auctioneers
Broker
tmcculloch65@smauctioneers.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $9,236
- Monthly Property Taxes
- $56
- 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.
Learn more about how to save
Nearby
Commerical listings in Muncie, IN
Average List Price
$688,810
Percent of Sale Price
54%
About Muncie, IN
67,860
Population
-5%
Since 2002
$
32,102
Median Income
30.9
Median Age
21%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4260424
Elementary School
4046431
Middle School
Muncie Central High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
10/27/2025
|
$1,500,000
|
|
Listed Price
|