Share This Listing

Message

952 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

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 current income is in excess of $610,000 annually showing a cash on cash 7.2% return. This 3 story property is in excellent condition and has been well maintained. 100% occupancy with 9 tenant spaces ranging from 1022 sq ft to 8700 sq ft.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
41,499 SF
Building Class
C
Year Built/Renovated
1989/2025
Price
$5,396,040 CAD
Price Per SF
$130.03 CAD
Cap Rate
7.18%
NOI
$387,408 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,833 SF
Slab To Slab
10’
Building FAR
0.44
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
CB - Commercial Business District
Parking
142 Spaces (4.18 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Signage
  • Air Conditioning
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The FBI began as the Bureau of Investigation in 1908 and received its current name in 1935. The bureau is an intelligence-driven and threat-focused national security organization and the principal investigative arm of the U.S. Department of Justice. Its work spans counterterrorism, counterintelligence, cyber crime, public corruption, civil rights, organized crime, white-collar crime, violent crime, weapons of mass destruction, and related criminal justice services. The FBI maintains a broad nationwide investigative presence through field offices and resident agencies, along with an international footprint through legal attachés in U.S. embassies and consulates.

  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

United Way began in Denver in 1887, when local organizers formed the Charity Organization Society to coordinate community services and a single fundraising campaign that grew into the United Way movement. The organization now mobilizes communities through local fundraising, volunteer support, disaster relief, and programs focused on health, youth opportunity, and financial security. United Way Worldwide serves as a global network that connects local affiliates, partners, donors, and volunteers to address community needs and advance the common good.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $9.99 Lorem Ipsum Jan 0000
Services - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
18-11-09-479-008.000-003
Land Assessment
$548,328 CAD
Improvements Assessment
$1,565,344 CAD
Total Assessment
$2,113,672 CAD
  • Listing ID: 41379212

  • Date on Market: 2026-07-21

  • Last Updated:

  • Address: 400 N High St, Muncie, IN 47305

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}