400 N High St, Muncie, IN 47305

Property 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 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.