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117 E Main Street

Muncie, IN 47305
  • $850,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 202547400
UPDATED: 158 min ago
$850,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,290
    SQFT
Neighborhood:
Type:
Commercial
Built:
1875
County:
Area:

School Ratings & Info

Listing provided by Lucius Conner of Viking Realty: Cell: 765-730-5496.

Description

Your Next Great Idea Starts Here: The Heart of Main Street, Muncie 117-121 E Main St, Muncie, IN 47305 Forget those cookie-cutter investment properties. This isn't just a building you sell"it's a landmark, a centerpiece, and frankly, a structure that radiates opportunity. They call it Main Street for a reason, and this incredible multi-building assembly sits right in the thick of it! I'm telling you, this is the deal of a lifetime. We've got: Four Lots"A huge footprint for downtown! Three Classic Buildings"Loaded with character and history. Three Commercial Spaces"Ready for new retail or office tenants. Three Residential Units (or the space to build them!) A Crucial Dedicated Parking Lot"You know how important that is downtown! We may not have a partridge in a pear tree, but trust me, this is everything you need to make one heck of a good decision for your portfolio and for Muncie. Youre getting over 16,000 square feet of stunning potential right here. Picture this: you're just east of the beautiful Patterson Building, and only one block away from the energy of the Muncie Civic Theatre. We have the traffic"both cars and feet"that makes a business thrive. Right now, the lower levels are set up as adaptable office spaces, but let your imagination run wild! Retail, restaurant, brewery, co-working... it can be easily remodeled to suit your dream. Upstairs in each unit? That's your residential gold mine, ready to become fantastic downtown apartments. Basements in every unit add storage and utility. Every brick holds its own charm, and every square foot is waiting for your touch. All of it"the history, the location, the incredible potential"can be yours for $850,000. The Investment Game Changer: Opportunity Zone This isn't just about location; it's about leverage. This property is DIRECTLY in Muncies Opportunity Zone. What does that actually mean for you, the investor? It means tax breaks, pure and simple. You get access to preferential federal tax treatment on your capital gains when you invest through a Qualified Opportunity Fund (QOF)"and we're talking about the potential to pay zero federal tax on the propertys future appreciation if you hold it for 10 years! It means local momentum. The city and state are actively investing here. Think about cheaper liquor licenses, access to local grants, and the focused attention that makes getting a project done smoother and faster.

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© 2026 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 McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2026-01-23T00:27:50.533.

www.myindianahomes.com/homes/170923961
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117 E Main Street Muncie, IN 47305

  • Price: $850,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 158 min ago
  • MLS #: 202547400
0
Beds
0
Baths
0
½ Baths
0.24
Acres
14,290
SQFT
$59
$/SQFT
1875
Built
Neighborhood:
None
County:
Delaware
Area:
Delaware
Property Description
Your Next Great Idea Starts Here: The Heart of Main Street, Muncie 117-121 E Main St, Muncie, IN 47305 Forget those cookie-cutter investment properties. This isn't just a building you sell"it's a landmark, a centerpiece, and frankly, a structure that radiates opportunity. They call it Main Street for a reason, and this incredible multi-building assembly sits right in the thick of it! I'm telling you, this is the deal of a lifetime. We've got: Four Lots"A huge footprint for downtown! Three Classic Buildings"Loaded with character and history. Three Commercial Spaces"Ready for new retail or office tenants. Three Residential Units (or the space to build them!) A Crucial Dedicated Parking Lot"You know how important that is downtown! We may not have a partridge in a pear tree, but trust me, this is everything you need to make one heck of a good decision for your portfolio and for Muncie. Youre getting over 16,000 square feet of stunning potential right here. Picture this: you're just east of the beautiful Patterson Building, and only one block away from the energy of the Muncie Civic Theatre. We have the traffic"both cars and feet"that makes a business thrive. Right now, the lower levels are set up as adaptable office spaces, but let your imagination run wild! Retail, restaurant, brewery, co-working... it can be easily remodeled to suit your dream. Upstairs in each unit? That's your residential gold mine, ready to become fantastic downtown apartments. Basements in every unit add storage and utility. Every brick holds its own charm, and every square foot is waiting for your touch. All of it"the history, the location, the incredible potential"can be yours for $850,000. The Investment Game Changer: Opportunity Zone This isn't just about location; it's about leverage. This property is DIRECTLY in Muncies Opportunity Zone. What does that actually mean for you, the investor? It means tax breaks, pure and simple. You get access to preferential federal tax treatment on your capital gains when you invest through a Qualified Opportunity Fund (QOF)"and we're talking about the potential to pay zero federal tax on the propertys future appreciation if you hold it for 10 years! It means local momentum. The city and state are actively investing here. Think about cheaper liquor licenses, access to local grants, and the focused attention that makes getting a project done smoother and faster.
Exterior Features

Construction Type1 Brick Driveway Asphalt Exterior BlockBrick Fire Doors YN No Location City Lot Dimensions 125x125 Parcel Description Corner Parking LotOff-StreetStreet Parking Spaces 12 Parking Type Street Parking YN Yes Road Access City Road Surface Asphalt Roof Material Build-UpRubber Security Light YN Yes Sign Type Attached Building Signs Signs YN Yes Water Features None Waterfront YN No

Interior Features

Basement Foundation Full BasementUnfinished Basement YN Yes Bldg1 Above Grd Sq Ft 6930 Bldg1 Below Grd Sq Ft 1050 Bldg1 Fin Office Sq Ft 982 Bldg2 Above Grd Sq Ft 7360 Bldg2 Below Grd Sq Ft 2840 Bldg2 Fin Office Sq Ft 1394 Ceiling Height 8 ft Column Spacing n/a Cooling Central Air Flooring CarpetWood Heating Fuel GasForced Air Interior Height 12 ft Interior Walls BlockDrywall Internal Rooms OfficeOther Special Features 110 VoltsSingle PhaseHandicap AccessAlleyBasementOffice SpaceReception Area Total Restrooms 4

Property Features

Annual Taxes 9272.8 Auction YN No Buildings 1 Burglar Alarm YN No Currently Leased YN No Documents Available None Easements None Electric Company AEP/I&M Enterprise Zone Yes Equipment YN No Fire Protection City For Sale Or Rent For Sale Gas Company CenterPoint Energy Ingress Egress Concrete Inside City Limits Yes Lease Term Remaining NA New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Office/Showroom Property Sub Type Mixed Use Property Use Investment Property Proposed Financing CashConventional Reo YN No Restrictions None Sale Includes Building Sewer City Smoke Fire Alarm YN No Sprinkler System YN No 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 2025

Listing provided by Lucius Conner of Viking Realty: Cell: 765-730-5496.

© 2026 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 McAfee Home Group | Century 21 Realty, Inc..


© 2026 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 McAfee Home Group | Century 21 Realty, Inc.. Data last updated: 2026-01-23T00:27:50.533.

 
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McAfee Home Group | Century 21 Realty, Inc.
2928 E Dupont Rd
Fort Wayne IN, 46825
Listing provided by Lucius Conner of Viking Realty: Cell: 765-730-5496.