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Listing courtesy of RE/MAX Real Estate Groups · Listing agent: Lisa Buckner

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313 W 5th Street

$139,900

$137.97 / sq ft

Est. $935/mo

Muncie, IN 47302

Original price $170,000 · Price reduced on August 27, 2026

  • Basement
Bedrooms
2
Bathrooms
1
Living area
1,014 sq ft
Lot
0.78 ac
Year built
1900
Type
Other
Listed
June 16, 2026
MLS #
202623603

About this home

Opportunity to own a working piece of Muncie history: machine shop, rental home, pole barn, fenced, and income potential all in one property. Operating since the early 1900s, this property was home to Kemp Machine Shop and later BK Machine Shop, serving generations of local industry. The machine shop remains operational today, offering an opportunity for an owner-user, investor, or entrepreneur seeking established industrial space with a proven legacy. The property includes the commercial building, an additional pole barn for storage or expansion, and a separate 2-bedroom, 1-bath rental home with an unfinished attic, providing additional income potential. The fenced property offers ample parking and outdoor space. Conveniently located near downtown Muncie, this unique property presents an exceptional live-work opportunity, allowing owners to operate a business while generating rental income from the residential dwelling. Whether you're looking to continue its industrial heritage or reimagine the space for a new venture, the possibilities are endless.

Monthly payment estimate

$935/mo

Principal & interest
$766
Property taxes
$128
Homeowners insurance
$41
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Stories
2
Total area
3,042 sq ft
Finished area above grade
1,014 sq ft
Unfinished area above grade
1,014 sq ft
Unfinished area below grade
1,014 sq ft
Main level
1,014 sq ft
Upper level
2,028 sq ft
Below grade total
1,014 sq ft
Bedrooms above grade
2
Basement
Unfinished
Flooring
Mixed
Heating
Natural Gas, Forced Air, Wall Heater, Multiple Heating Systems
Cooling
Central Air, Multiple Cooling Units
Amenities
Fenced Yard, Off Street Parking

Exterior & parking

Construction
Brick, Vinyl Siding
Roof
Asphalt, Metal, Shingle
Parking
Off Street
Private pool
No
Fencing
Chain Link
Other structures
Pole/Post Building
Outbuilding 1
900 sq ft
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Corner Lot
Lot size (acres)
0.78 ac
Lot dimensions
210x163
Location type
City/Town/Suburb
County
Delaware County
Township
Center
Road frontage
City Street
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
GPS friendly

Schools

Elementary school
Southview
Middle school
Southside
High school
Central
School district
Muncie Community Schools

HOA & community

Association restrictions
No

Taxes & terms

Tax year
2026
Possession
at closing
Parcel number
181116430007000003

Included in the sale

Included in sale
Building

Utilities

Water
City
Sewer
Public Sewer
Electric provider
AEP/I&M
Gas provider
CenterPoint Energy
Water provider
Indiana American Water Co

Income & commercial

Units
1
Buildings
3
Parking spaces
10
Pets allowed
No
Electric meters
1
Gas meters
1
Water meters
1

Location

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