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    213 Washington St Muncie, IN 47305-1715
    Property profile & analytics

    213 Washington St Muncie, IN 47305-1715


    • Parking lots & garages
    • 21,686 SF
    • 0.12 lot acres
    Off-Market
    Last Sale May 4, 2021
    Property ID
    US31-1815812
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 213 Washington St

    Year built
    1925
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    21,686 SF
    Property type
    Parking lots & garages
    APN
    18-11-10-360-006.000-003
    APU
    181110360006000003

    Description

    This exceptional redevelopment opportunity presents a unique chance to acquire a historic mixed-use building situated at 213 E Washington St, Muncie, Indiana, 47305. The property, encompassing 21,686 square feet on a 0.18-acre lot (APN: 18-11-10-360-006.000-003), is zoned CB - Central Business. Originally opened in the 1920s as a Hudson dealership, and later housing Oldsmobile and Cadillac dealerships, this building boasts a rich history. The structure features two stories across two buildings, constructed in 1925, and includes a distinctive interior ramp system connecting six levels. Two overhead doors provide convenient access, while the interior offers office space complete with a terrazzo floor and a built-in vault. Currently vacant, this Class D property is offered at $125,000 ($5.76/sq ft) with a gross lease type and single tenancy. Its prime downtown Muncie location offers proximity to other redevelopment projects, making it an ideal investment for owner-users seeking a unique and versatile space. The property's size and features offer a multitude of potential uses, making it a compelling investment in a revitalizing area. This is a rare chance to acquire a piece of Muncie's history and shape its future.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $500,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $637,000
      Market price range: $638k - $2.41M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.385
    Latitude
    40.1943
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,290
    $23,700
    $159,600
    $183,300
    -
    $23,700
    $159,600
    $183,300
    More about this property
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