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1300 W University Ave
Muncie, IN 47303
Parlour Salon · Specialty Property For Sale · 14,372 SF

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INVESTMENT HIGHLIGHTS

  • Updated electric and plumbing
  • Historic and opulent
  • Near Ball State University and University village shopping area

EXECUTIVE SUMMARY

Historic Colonial Revival mansions don't hit the market that often and this Hazelwood Mansion is one of the most incredible properties in Indiana. It features a central portico
with Ionic order columns and has a 2+1/2-story rear service wing. Initially when it changed ownership in 2017, historic preservation soon began with newly finished hardwood floors, all new plumbing, updated electrical, new technology installs, fresh paint inside and out, new elegant wallpaper, and many new lights. The foyer has an incredible 31ft ceiling with a custom spiral staircase. Every part of this home is custom made including the floors, trim, plastered crown mould, window mouldings, curved windows, hardware, etc. One of the first things you notice walking up the building is the custom glazed tile exterior and marble, which were allegedly imported from Italy. This is 14,372 SF of above grade finished space with another 5,657 SF in the full basement. The main floor bathrooms were converted to mens/women's stalls (3 each). There are 5 furnaces/AC, a mini-split, and has had extensive electrical work. Latest use is salon and related services such as Massage Therapist and Yoga Studio which could continue if buyer desires to continue leases.

PROPERTY FACTS Under Contract

Sale Type Investment or Owner User
Property Type
Specialty
  • General Retail Daycare Centre
  • General Retail Storefront Retail/Office
  • Office Office Residential
Building Class B
Lot Size 1.46 AC
Building Size 14,372 SF
No. Stories 3
Year Built/Renovated 1914/2017
Parking Ratio 2.78/1,000 SF
Opportunity Zone Yes
Zoning R2 - Zoned residential with a variance allowing business professional uses
  • Listing ID: 34789674

  • Date on Market: 2025-02-11

  • Last Updated:

  • Address: 1300 W University Ave, Muncie, IN 47303

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