3-Story Multi-Tenant Office
For Sale
$3,900,000
400 N High St, Muncie, IN 47305
Three-story, 100% occupied office building with nine tenant spaces and remodeling updates across a majority of units.
Property SizeContact for details
Days on Market35
Property Features for 400 N High St
General Information
Standard status
Active
Property subtype
Other
Occupancy
100%
Additional Details
Cap Rate
7.2%
Building Details
Year Built
1989
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Real Estate Group
(765) 808-1400
Listed By:
Brian Allardt · License #RB14013784
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 18
Last Checked: Aug 29 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This 3-story, well-maintained office building is 100% occupied and contains nine tenant spaces ranging from approximately 1,022 to 8,700 square feet. Public remarks indicate that a majority of the tenant spaces have been remodeled, with many leases extending into 2030. The building includes anchor tenants such as Star Financial Bank, Praxis Risk Services, Coldwell Banker Real Estate Group, and the Federal Bureau of Investigation.
The property is located at 400 N High St in Muncie, Indiana, described as being at the gateway to downtown Muncie. According to the provided information, total annual income is in excess of $610,000, and the current Profit and Loss shows a 7.2% return.
The property is located at 400 N High St in Muncie, Indiana, described as being at the gateway to downtown Muncie. According to the provided information, total annual income is in excess of $610,000, and the current Profit and Loss shows a 7.2% return.
Key Highlights
- 3‑story, 100% occupied office building with 9 tenant spaces, ranging from 1,022 SF to 8,700 SF
- Total annual income exceeds $610,000, with a current Profit and Loss showing a 7.2% return
- Majority of tenant spaces remodeled, with many leases extending into 2030
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Office building - Three-story, 100% occupied office building with nine tenant spaces and remodeling updates across a majority of units.
Where is this office building located?
The property is located at 400 N High St 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: 3‑story, 100% occupied office building with 9 tenant spaces, ranging from 1,022 SF to 8,700 SF; Total annual income exceeds $610,000, with a current Profit and Loss showing a 7.2% return; Majority of tenant spaces remodeled, with many leases extending into 2030
