Listing courtesy of Coldwell Banker Real Estate Group · Listing agent: Brian Allardt · Cell: 765-808-1400
400 N High Street
$3,490,000
$84.09 / sq ft
Muncie, IN 47305
Original price $3,900,000 · Price reduced on September 3, 2026
- On White River
- 2.2 acres
- Basement
- Bathrooms
- 7
- Lot
- 2.16 ac
- Year built
- 1989
- Type
- Office
- Listed
- July 20, 2026
- MLS #
- 202629077
About this home
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 8% 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.
Property details
Interior
- Stories
- 3
- Finished area above grade
- 41,502 sq ft
- Basement
- Partial, Slab
- Flooring
- Carpet, Ceramic Tile, Mixed, Vinyl, Tile
- Heating
- Conventional, Forced Air, Heat Pump
- Cooling
- Central Air, Multiple Cooling Units
Exterior & parking
- Construction
- Brick
- Roof
- Asphalt, Shingle
- Parking
- Parking Lot, Off Street, Paved
- New construction
- No
Waterfront & lake
- Waterfront
- No
- Body of water
- White River
Lot
- Lot size (acres)
- 2.16 ac
- Lot dimensions
- 300X300
- Inside city limits
- Yes
- County
- Delaware County
- Township
- Center
- Cross street
- Wysor
- Road frontage
- City Street
- Road surface
- Asphalt
- Platted
- Yes
- Planned unit development
- No
- Directions
- Wheeling to High Street
HOA & community
- Other fees
- $5,076
- Other fees description
- storm water
Taxes & terms
- Annual taxes
- $45,702
- Tax year
- 25
- Tax abatement
- No
- Possession
- Tenant rights
- Parcel number
- 18-11-09-479-008.000-003
Included in the sale
- Included in sale
- Building,Land,Lease
Utilities
- Water
- Public
- Sewer
- Public Sewer
Income & commercial
- Cap rate
- 7.2%
- Parking spaces
- 140
- Water meters
- 3
- Ceiling height
- 10
Location
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