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Downtown Office Building with Parking
For Sale
$945,000

225 N High Street, Muncie, IN 47305

COMMERCIAL - Muncie, IN

Property Size20,000 SF
Lot Size0.63 Acres
Price / SF$47.25
Days on Market170

Property Features for 225 N High Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business and Commercial zoning
Directions Wheeling south to High Street
Subdivision Delaware County
Standard status Active
APN 18-11-09-482-008.000-003
Lot size 0.63 Acres

Taxes and HOA fees

Tax Year 24
Tax Description G D 0.0000Acres STR: 092010 IN: 1 OUT: G D 0.0000Acres STR: 092010 IN: 4 OUT G D BLK 7 LOT 6 & VAC 5FT ALLEY ADJ G D BLK 7 EHLF LOT 7 & VAC 5FT ALLEY ADJ 4th Parcel ID # 18-11-09-482-006.000-003
Tax Annual Amount 2285
Legal Description G D 0.0000Acres STR: 092010 IN: 1 OUT: G D 0.0000Acres STR: 092010 IN: 4 OUT G D BLK 7 LOT 6 & VAC 5FT ALLEY ADJ G D BLK 7 EHLF LOT 7 & VAC 5FT ALLEY ADJ 4th Parcel ID # 18-11-09-482-006.000-003

Utilities

Cooling system Central Air

Amenities

2 sets of commercial restrooms
two sets of stairwells

Building Details

Year built 1928
Flooring type Carpet, Tile - Ceramic, Tile
Roof type Rubber
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Added: Feb 27 Changed: Aug 5 Last Checked: Aug 16 at 7:06AM
MLS# 202606270

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 downtown commercial property includes a two-story office building with passenger elevator, two sets of commercial restrooms, and two sets of stairwells. The offering includes five currently leased tenant spaces, along with parking space leases, and is available as part of a multi-parcel assemblage.

The property is located at 225 N High Street in Muncie, Indiana, across from City Hall. The site also features three parking lots with a total of 50 parking spaces, supporting on-site parking for office tenants and visitors.

Historically, the building was originally constructed as an automotive dealership in 1928 and later redeveloped into a federal building with federal and local office tenants, followed by its current office use. Four parcels are included in the sale.

Key Highlights

  • 20,000 SF, 2‑story downtown Muncie commercial building built in 1928
  • Includes 3 parking lots and 50 parking spaces, with additional parking space leases
  • Previously an automotive dealership; later redeveloped as the "Federal Building" with office tenants

Property Analytics

Current Use

Five Star Driver ... Training Center Ronald K Smith Law Firm Alan K Wilson ... Law Firm Anthony Wayne Services Employment Agency Jackson & Oglesby Law ... Law Firm

Suggested Use

Top Pick Pharmacy Storage Facility Dental Office Furniture & Home Goods Bakery Cafe & Coffee Shop

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

5
Office units
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 - Two-story office building with passenger elevator, multiple restrooms, stairwells, and parking lot leases across four parcels.
Where is this office building located?
The property is located at 225 N High Street Muncie, IN.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 20,000 SF, 2‑story downtown Muncie commercial building built in 1928; Includes 3 parking lots and 50 parking spaces, with additional parking space leases; Previously an automotive dealership; later redeveloped as the "Federal Building" with office tenants
More about this property
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