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Listed by Coldwell Banker Real Estate Group
$ 3,490,000
Est. payment | /mo
7 Baths
2.16 Acres Lot
$ 3,490,000
Est. payment | /mo
7 Baths
2.16 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202629077
HOA Y/N No
Year Built 1989
Annual Tax Amount $45,702
Tax Year 25
Lot Size 2.160 Acres
Acres 2.16
Lot Dimensions 300X300
Property Sub-Type Office
Property Description
Opportunity to own a great investment property located at the Gateway to downtown Muncie Indiana. The Star Bank building includes a diversified mix of quality tenants with long term leases. Anchor tenants include Star Financial Bank, Praxis Risk Services, Coldwell Banker Real Estate Group and the Federal Bureau of Investigation. A majority of the tenant spaces have been remodeled with many leases extending into 2030. The property has a long history of strong demand and low turnover. Total income is in excess of $610,000 annually and current Profit and Loss shows a 8% return. This 3 story property is in excellent condition and has been well maintained. 100% Occupied with 9 tenant spaces ranging from 1022 sq ft to 8700 sq ft.
Location
State IN
County Delaware County
Zoning Business
Rooms
Basement Partial, Slab
Interior
Heating Conventional, Forced Air, Heat Pump
Inclusions Building, Land, Lease
Fireplace N
Exterior
Parking Features Parking Lot, Off Street, Paved
View Y/N true
Total Parking Spaces 140
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Pets Allowed No
Tax ID 18-11-09-479-008.000-003
Acceptable Financing IRM202629077
Listing Terms IRM202629077
Special Listing Condition None
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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