400 N High Street
$3,900,000
400 N High Street, Muncie, IN 47305
2.16 acres
Lot Area
1989
Year Built
Details:
Highlights:
- Basement: Other Basement
- Age: 31-40 Years Old
Description:
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.
Listing ID: 09398bbb-ce68-4283-9f31-597190ab049d
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Location
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