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108 S Walnut Street

Muncie, IN 47305
  • $1,499,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 202408881
UPDATED: 69 min ago
$1,499,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,636
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1880
County:
Area:

School Ratings & Info

Listing provided by Rebekah Hanna of RE/MAX Real Estate Groups: Cell: 765-760-4556.

Description

Now is your chance to own this iconic landmark in beautiful Downtown Muncie! The Patterson Block is a historic gem, boasting original details, such as exposed brick, an original advertising mural, 100+ year old stock exchange chart, and an original staircase that adds amazing character. The building's exterior has stunning architectural details that stand as a testament to its rich past. With over 21,000 square feet of space spread across 15+ commercial suites, retail spaces, and restaurants, this property offers a unique opportunity for investors and business owners alike. The building has been meticulously maintained, with much of the building currently leased. However, there's still untapped potential to take this already remarkable space to the next level. The first floor, with its 125 feet of frontage on Walnut Street, hosts 4 commercial spaces, including 2 restaurants and 2 retail outlets. A lobby elevator provides easy access to the second and third floors, which are home to office and retail spaces. A shared conference room on the second floor offers convenience for tenants. The grand staircase leads to the third floor, where a large skylight floods the area with natural light. This floor houses additional office and retail spaces, along with a spacious ballroom boasting 13 windows that frame panoramic views of downtown Muncie. Adjacent to the ballroom, a kitchen area helps manage any food service needs, making the ballroom an ideal venue for events and an additional revenue stream. The building is has sprinklers throughout and the fire suppression system is zoned. This property is located in the Riverfront District so 3-way liquor licenses are available for $2,000 to qualified businesses. Don't miss out on this opportunity to own a piece of Muncie's history! Building has multiple addresses, property taxes show address at 105 E. Main.



© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-05-24T07:28:46.9.

www.team-janet.com/homes/148681409
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108 S Walnut Street Muncie, IN 47305

  • Price: $1,499,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 69 min ago
  • MLS #: 202408881
0
Beds
0
Baths
0
½ Baths
0.18
Acres
21,636
SQFT
$69
$/SQFT
1880
Built
Neighborhood:
None
County:
Delaware
Area:
Delaware
Property Description
Now is your chance to own this iconic landmark in beautiful Downtown Muncie! The Patterson Block is a historic gem, boasting original details, such as exposed brick, an original advertising mural, 100+ year old stock exchange chart, and an original staircase that adds amazing character. The building's exterior has stunning architectural details that stand as a testament to its rich past. With over 21,000 square feet of space spread across 15+ commercial suites, retail spaces, and restaurants, this property offers a unique opportunity for investors and business owners alike. The building has been meticulously maintained, with much of the building currently leased. However, there's still untapped potential to take this already remarkable space to the next level. The first floor, with its 125 feet of frontage on Walnut Street, hosts 4 commercial spaces, including 2 restaurants and 2 retail outlets. A lobby elevator provides easy access to the second and third floors, which are home to office and retail spaces. A shared conference room on the second floor offers convenience for tenants. The grand staircase leads to the third floor, where a large skylight floods the area with natural light. This floor houses additional office and retail spaces, along with a spacious ballroom boasting 13 windows that frame panoramic views of downtown Muncie. Adjacent to the ballroom, a kitchen area helps manage any food service needs, making the ballroom an ideal venue for events and an additional revenue stream. The building is has sprinklers throughout and the fire suppression system is zoned. This property is located in the Riverfront District so 3-way liquor licenses are available for $2,000 to qualified businesses. Don't miss out on this opportunity to own a piece of Muncie's history! Building has multiple addresses, property taxes show address at 105 E. Main.
Exterior Features

Construction Type1 Brick Driveway None Exterior Brick Fence None Fire Doors YN Yes Location City Lot Dimensions 62.5x125 Parcel Description Corner Parking Street Parking YN No Road Access City Roof Material Rubber Security Light YN Yes Sign Type Attached Building Signs Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation Partial BasementUnfinished Basement YN Yes Bldg1 Above Grd Sq Ft 21636 Bldg1 Below Grd Sq Ft 7164 Bldg1 Fin Office Sq Ft 21636 Ceiling Height 15 Column Spacing none Cooling Central Air Flooring CarpetWoodTile Heating Fuel Forced AirMultiple Heating Systems Interior Height 16 Interior Walls DrywallOther Internal Rooms KitchenOffice Special Features Handicap AccessPassenger ElevatorAlleyBasementDisplay Window(s)Office Space Total Restrooms 6

Property Features

Annual Taxes 18026 Assessed Value 849600 Auction YN No Buildings 1 Burglar Alarm YN Yes Currently Leased YN Yes Documents Available Rent Roll Electric Company AEP/I&M Enterprise Zone No Equipment YN Yes Exemptions No Exemptions Fire Protection City For Sale Or Rent For Sale Gas Company CenterPoint Energy Ingress Egress Concrete Inside City Limits Yes Lease Available YN Yes Lease Term Remaining 1+ years New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Office/ShowroomRestaurantRetailShopping Property Sub Type Retail Property Use Investment Property Proposed Financing CashConventional Reo YN No Sale Includes BuildingLand Sewer City Smoke Fire Alarm YN Yes Special Assessments None Sprinkler System YN Yes Tax Abatement No Township Center Water Company Indiana American Water Co Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2024

Listing provided by Rebekah Hanna of RE/MAX Real Estate Groups: Cell: 765-760-4556.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Janet English | Keller Williams. Data last updated: 2024-05-24T07:28:46.9.

 
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Janet English | Keller Williams
3928 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Rebekah Hanna of RE/MAX Real Estate Groups: Cell: 765-760-4556.