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    FOR SALE
    Office Spaces

    225 N High St, Muncie, IN 47305

    19,844 SF 0.36 ac lot Built 1950
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US31-1995587
    Property summary
    AI-generated overview

    This exceptional special-purpose property offers flexible office space in the heart of downtown Muncie, ideally situated steps away from Muncie City Hall and the Delaware County Building. The building features one suite divisible into spaces ranging from 1200 to 9000 square feet, catering to a variety of business needs. Tenants will enjoy the convenience of a private surface parking lot, ensuring ample parking for both employees and clients. All utilities are included in the lease, minimizing operational expenses. Shared amenities include common restrooms and an elevator, enhancing the overall tenant experience. The property sits on a sizable 15,682 square foot lot. The current asking price is $9 per square foot, as-is. The owner is willing to collaborate with tenants on tenant improvements, offering a unique opportunity to customize the space to perfectly suit your business requirements. This presents a rare chance to secure prime office space in a highly desirable downtown location. The building's central location and included amenities make it an attractive option for businesses seeking a convenient and well-equipped workspace.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1950
    Construction TYPE NOT SPECIFIED
    Total area 19,844 SF
    Lot 0.36 ac (15,625 SF)
    APN 18-11-09-482-008.000-003
    UPID US31-1995587
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Five Star Driver Education Center Training Center Vocational School
    • Ronald K Smith Law Firm
    • Alan K Wilson - Attorney Law Firm
    • Anthony Wayne Services Employment Agency
    • Jackson & Oglesby Law LLC Law Firm Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $856k
    Blend (final) Blend
    $1.33M
    Owner & transaction history
    Federal Building LLC · 2 yrs held
    Federal Building LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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