Property summary
A completely remodeled mixed-use property in downtown Muncie (Muncie’s River District) containing a ground-floor retail/salon space and an upstairs apartment. The main level includes a retail area with custom built-ins, ADA-accessible restroom, kitchenette, two private office spaces, storage closets, and a layout designed for independent access to the upper apartment via a closed-off staircase. The upstairs apartment is designed with Richard’s Kitchen & Bath features, including Mouser cabinetry, quartz countertops, and GE Café appliances, and includes 14-foot vaulted ceilings, a loft space, custom closet systems, and a spa-like bathroom with laundry. The property includes a basement with poured walls and was updated with new plumbing, electrical, roof, windows, two furnaces with AC units, a water heater, and Nest camera systems. The package includes a parking lot associated with 113 E Main Street, and an adjacent building at 107 E Main Street (formerly The Mark III Tap Room) that retains its original wood bar, includes an upstairs office, and has Phase 3 electrical for potential future redevelopment. The property’s ground-floor configuration supports ADA access, and the River District location is reported to make it eligible for a three-way liquor license from the city.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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