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Three-Story Office Building
For Sale
$3,900,000

400 N High Street, Muncie, IN 47305

COMMERCIAL, Muncie, IN

Property SizeContact for details
Lot Size2.16 Acres
Days on Market41

Property Features for 400 N High Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business
Rooms Basement
Parking features Off Street
Directions Wheeling to High Street
Subdivision Delaware County
Standard status Active
APN 18-11-09-479-008.000-003
Lot size 2.16 Acres

Taxes and HOA fees

Tax Year 25
Tax Description Pt Hackley Reserve STR 092010 2.16 acres
Tax Annual Amount 45702
Legal Description Pt Hackley Reserve STR 092010 2.16 acres

Utilities

Cooling system Multi Units, Central Air

Building Details

Year built 1989
Flooring type Tile, Carpet, Tile - Ceramic, Mixed
Roof type Asphalt, Shingle
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Added: Jul 20 Changed: Aug 26 Last Checked: Aug 29 at 3:06PM
MLS# 202629077

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story office property was constructed in 1989 and is currently 100% occupied across 9 tenant spaces ranging from 1022 square feet to 8700 square feet. Most suites have been remodeled, and the building includes tile, ceramic tile, carpet, mixed flooring, central air, and multi-unit cooling. Asphalt and shingle roofing, a basement, and off-street parking are also part of the improvements.

The property is located at 400 N High Street in Muncie, Indiana, near downtown Muncie. Tenancy includes Star Financial Bank, Praxis Risk Services, Coldwell Banker Real Estate Group, and the Federal Bureau of Investigation. Several lease terms extend into 2030, and the property is situated on 2.16 acres. Current operating information reflects a 7.2% return.

Key Highlights

  • 100% occupied with 9 tenant spaces
  • Suites range from 1022 square feet to 8700 square feet
  • Most tenant spaces have been remodeled

Property Analytics

Current Use

STAR Financial Bank Bank STAR Insurance Agency Bank McClellan & McClellan Law ... Law Firm Federal Bureau-Investigation Federal Government Office Welch & Company Attorneys ... Law Firm

Suggested Use

Top Pick Pharmacy Storage Facility Bakery Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,144
Businesses Nearby

Demographics for 47305, IN

3,629
Population
2,512
Households
1.4
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
1.3 sq mi
ZIP Area
2,792
Density / Sq Mi
$33,125
Median Household Income
$30,648
Median Earnings
$744
Median Rent
$77,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully occupied office property with remodeled suites, established tenancy, and off-street parking.
Where is this office building located?
The property is located at 400 N High Street Muncie, IN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 100% occupied with 9 tenant spaces; Suites range from 1022 square feet to 8700 square feet; Most tenant spaces have been remodeled
More about this property
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