400 N High Street, Muncie, IN 47305
sale
$3,900,000
|
Office
Courtesy Of Coldwell Banker Lunsford
Opportunity to own a great investment property located at the Gateway to downtown Muncie Indiana. The Star Bank building includes a diversified mix of quality tenants with long term leases. Anchor tenants include Star Financial Bank, Praxis Risk Services, Coldwell Banker Real Estate Group and the Federal Bureau of Investigation. A majority of the tenant spaces have been remodeled with many leases extending into 2030. The property has a long history of strong demand and low turnover. Total income is in excess of $610,000 annually and current Profit and Loss shows a 7.2% return. This 3 story property is in excellent condition and has been well maintained. 100% Occupied with 9 tenant spaces ranging from 1022 sq ft to 8700 sq ft.
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Property Features
- Age: 31-40 Years Old
- Cooling System: Multi Units
- Cooling System: Central Air
- Floor Covering: Mixed
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Legal Description: Pt Hackley Reserve STR 092010 2.16 acres
- MLSID: 202629077
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Basement
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