108 Walnut, Muncie, IN 47305 - Myers Trust

108 Walnut, Muncie, IN 47305

Overview

MLS ID: #202408881
Price: $ 1,499,000
Sq Ft: 21,636
Office SqFt: 21,636
Lot Size: 0.18 Acres
Year Built: 1880
Zoning:
Taxes: $ 18,026
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Now is your chance to own this iconic landmark in beautiful Downtown Muncie! The Patterson Block is a historic gem, boasting original details, such as exposed brick, an original advertising mural, 100+ year old stock exchange chart, and an original staircase that adds amazing character. The building’s exterior has stunning architectural details that stand as a testament to its rich past. With over 21,000 square feet of space spread across 15+ commercial suites, retail spaces, and restaurants, this property offers a unique opportunity for investors and business owners alike. The building has been meticulously maintained, with much of the building currently leased. However, there’s still untapped potential to take this already remarkable space to the next level. The first floor, with its 125 feet of frontage on Walnut Street, hosts 4 commercial spaces, including 2 restaurants and 2 retail outlets. A lobby elevator provides easy access to the second and third floors, which are home to office and retail spaces. A shared conference room on the second floor offers convenience for tenants. The grand staircase leads to the third floor, where a large skylight floods the area with natural light. This floor houses additional office and retail spaces, along with a spacious ballroom boasting 13 windows that frame panoramic views of downtown Muncie. Adjacent to the ballroom, a kitchen area helps manage any food service needs, making the ballroom an ideal venue for events and an additional revenue stream. The building is has sprinklers throughout and the fire suppression system is zoned. This property is located in the Riverfront District so 3-way liquor licenses are available for $2,000 to qualified businesses. Don’t miss out on this opportunity to own a piece of Muncie’s history! Building has multiple addresses, property taxes show address at 105 E. Main.

MLS ID: 202408881

Details

Planned Unit Dev No
Auction No
New Construction No
Number of Buildings 1
Building 1
Bldg 1 Above Ground SF 21,636
Bldg 1 Below Ground SF 7,164
Bldg 1 Stories 3
Bldg 1 Finished Office SF 21,636
Lot Dimensions 62.5x125
Approx Lot Size SqFt 7,841
Approx Lot Size Acres 0
Ceiling Height 15
Road Access City
Parking No
Parking Street
Total Restrooms 6
Interior Height 16
Ingress/Egress Concrete
Water Front No
Currently Leased Yes
Lease Term Remaining 1+ years
Sprinkler System Yes
Signs Yes
Sign Type Attached Building Signs
Fire Doors Yes
Enterprise Zone No
Sale Includes: Building, Land
Heating/Fuel Forced Air, Multiple Heating Systems
Cooling Central Air
Exterior Brick
Roof Material Rubber
Interior Walls Drywall, Other
Flooring Carpet, Wood, Tile
Water Utility City
Sewer City
Special Features Handicap Access, Passenger Elevator, Alley, Basement, Display Window(s), Office Space
Annual Taxes $18,026.00
Assessed Value $849,600.00

Map

Listing Office: RE/MAX Real Estate Groups

Listing Agent: Rebekah Hanna

Disclaimer:

Property information is provided by the Indiana Regional MLS. The 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. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.