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108 S Walnut St
Muncie, IN 47305
Office Property For Sale
Executive Summary
Distinctive downtown Italian-style 3-story building fully remodeled and near full occupancy. With over 18,000 s.f. of leasable space, this building stands out as one of Muncie's finest historical buildings with an original construction date of 1880. Newly established River Front District allows for a discounted Liquor License. ( approx $1,000 per year).
NDA required for Proforma and additional Sales Information.
First Floor Retail and Restaurants. Second and Third Floor is office including a Ball Room for Events!
NDA required for Proforma and additional Sales Information.
First Floor Retail and Restaurants. Second and Third Floor is office including a Ball Room for Events!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
21,636 SF
Building Class
B
Year Built
1880
Price
$1,812,997 CAD
Price Per SF
$83.80 CAD
Cap Rate
9.63%
NOI
$174,592 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,212 SF
Building FAR
2.76
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CB Central Business Zone - Central Business
Property Taxes
| Parcel Number | 18-11-10-363-001.000-003 | Improvements Assessment | $1,070,152 CAD |
| Land Assessment | $88,804 CAD | Total Assessment | $1,158,956 CAD |
Property Taxes
Parcel Number
18-11-10-363-001.000-003
Land Assessment
$88,804 CAD
Improvements Assessment
$1,070,152 CAD
Total Assessment
$1,158,956 CAD
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