117 E Main Street
Muncie, IN, 47305 $ 850,000
Bedrooms-- Baths4.0 Sq 14,290 Monthly Estimate*
$ 5,303
for $850,000 with 4 full baths. This 14,290 square foot building was built in 1875 on a lot size of 0.235.
Your Next Great Idea Starts Here: The Heart of Main Street, Muncie 117-121 E Main St, Muncie, IN 47305 Forget those cookie-cutter investment properties. This isn't just a building you sellit's a landmark, a centerpiece, and frankly, a structure that radiates opportunity. They call it Main Street for a reason, and this incredible multi-building assembly sits right in the thick of it! I'm telling you, this is the deal of a lifetime. We've got: Four LotsA huge footprint for downtown! Three Classic BuildingsLoaded with character and history. Three Commercial SpacesReady for new retail or office tenants. Three Residential Units (or the space to build them!) A Crucial Dedicated Parking LotYou know how important that is downtown! We may not have a partridge in a pear tree, but trust me, this is everything you need to make one heck of a good decision for your portfolio and for Muncie. Youre getting over 16,000 square feet of stunning potential right here. Picture this: you're just east of the beautiful Patterson Building, and only one block away from the energy of the Muncie Civic Theatre. We have the trafficboth cars and feetthat makes a business thrive. Right now, the lower levels are set up as adaptable office spaces, but let your imagination run wild! Retail, restaurant, brewery, co-working... it can be easily remodeled to suit your dream. Upstairs in each unit? That's your residential gold mine, ready to become fantastic downtown apartments. Basements in every unit add storage and utility. Every brick holds its own charm, and every square foot is waiting for your touch. All of itthe history, the location, the incredible potentialcan be yours for $850,000. The Investment Game Changer: Opportunity Zone This isn't just about location; it's about leverage. This property is DIRECTLY in Muncies Opportunity Zone. What does that actually mean for you, the investor? It means tax breaks, pure and simple. You get access to preferential federal tax treatment on your capital gains when you invest through a Qualified Opportunity Fund (QOF)and we're talking about the potential to pay zero federal tax on the propertys future appreciation if you hold it for 10 years! It means local momentum. The city and state are actively investing here. Think about cheaper liquor licenses, access to local grants, and the focused attention that makes getting a project done smoother and faster.
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FeaturesGeneralHeating Gas Forced Air
Cooling Central Air
Ceiling Height 8 ft
Roof Build-Up Rubber
Parking Yes Lot Off-Street Street
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 4
Year Built 1875
New Construction No
Subdivision None
Stories Count 3
Township Center
Class COMMERCIAL
Present Use Investment Property
Type Mixed Use
Age 150
Inside City Limits Yes
Special Features 110 Volts Single Phase Handicap Access Alley Basement Office Space Reception Area
REO No
Status Detail 0
Area Delaware County
Location City
City Muncie
Legal Description BROWNS DONATION BLK 24 E HLF OF 42.5 FT OFF W SD L 2 LOT 2
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202547400
Agent First Name Lucius
Agent Last Name Conner
DOM 5
Tax Year 2025
Restrictions None
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ExteriorRoad Surface Asphalt
Road Access City
Exterior Block Brick
Driveway Asphalt
Number of Parking Spaces 12
Lot Size Area 10250
Lot Dimensions 125x125
Parking Type Street
Water Features None
Waterfront Y/N No
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InteriorFlooring Carpet Wood
Basement/Foundation Full Basement Unfinished
Walls Block Drywall
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* Excluded FeaturesList ByLucius ConnerListing Agent
lpconner@viking-realty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,303
- Monthly Property Taxes
- $773
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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 NearbyCommerical listings in Muncie, IN
Average List Price $739,442
Percent of Sale Price 13%
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.
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/26/2025 | $850,000 | | Listed Price |