418 Adams St Muncie, IN 47305
- Office Properties & Spaces
- 13,756 SF
- 0.75 lot acres
Current Use by Public Records
- Friends Memorial Church / Church
- DRTC Advisors / Alcoholism Treatment Program / Addiction Treatment Center
- Pencil Pack Tutoring / Tutoring Service
Property Details for 418 Adams St
- Year built
- 1920
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.75 lot acres
- Property size
- 13,756 SF
- Property type
- Office Properties & Spaces
- APN
- 18-11-16-226-008.000-003
- APU
- 181116226008000003
Description
This exceptional 0.75-acre commercial property at 418 W Adams Street, Muncie, Indiana, presents a unique investment opportunity. The building, boasting beautiful architecture and a stone exterior, is meticulously maintained and offers a multitude of potential uses. A new roof was installed in 2016, ensuring long-term durability. The interior features a versatile layout ideal for various commercial ventures. A large sanctuary, capable of holding approximately 250 people, is expandable via a removable wall. The property also includes a fully equipped commercial kitchen, multiple restrooms, a library, classrooms, studies, and an administrative office. Additional amenities include an elevator, three central air/heat pump units, and two boiler systems for efficient climate control. A large east room, complete with a kitchenette and commercial freezers, is perfect for meetings or events. Currently used as a church, this property is well-suited for a religious organization seeking a new home, or for adaptive reuse as office space or apartments. Its prime location near downtown Muncie in a historic neighborhood, combined with its extensive amenities, makes this a highly attractive investment opportunity. The asking price is $350,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.3905
- Latitude
- 40.1923
- CBSA code
- 34620
- CBSA name
- MUNCIE, IN METROPOLITAN STATISTICAL AREA