Listed with Steve Slavin, Coldwell Banker Real Estate Group, Cell: 317-701-5006

Price $360,000
Status Active
Beds 1
Baths 1.5 Baths
Home size 5,472 sqft
Lot Size 6,099 sqft
Days on Market 1
After a complete remodel, this exceptional downtown Muncie property is now available and ready for a new owner. The main level has been transformed into a stunning retail space, currently leased by Parlour, one of Muncie's premier salons. The first floor offers a welcoming retail area with custom-built-ins, a luxurious ADA-accessible restroom, a stylish kitchenette, two private office spaces, multiple storage closets, and a staircase that leads to the upstairs apartment. For privacy, this staircase has been closed off, allowing each level to function independently. The upstairs apartment is a true showpiece. It features a Richard's Kitchen & Bath design with top-of-the-line Mouser cabinetry, quartz countertops, and high-end GE Café appliances. With vaulted 14-foot ceilings, a loft space for additional guests, custom closet systems, and a spa-like bathroom with laundry, this unit is both functional and luxurious. Given its location in the heart of downtown, it could easily become one of the most desirable Airbnb rentals in Muncie. This sale also includes the full parking lot at 113 E Main Street, and there is an opportunity to purchase the adjacent 107 E Main Street building for an additional $80,000. The 107 property, formerly The Mark III Tap Room, retains its original wood bar, offers an upstairs office, and includes Phase 3 electrical, making it a strong candidate for future redevelopment. Initially, the 107 building will only be sold in conjunction with 109. The Parlour Salon is income-producing with the lease at $2,180 per month through January 31, 2030. The tenant pays utilities, and the lease includes a five-year renewal option with a 5% rent increase for the next term. Recent updates include all new plumbing, electrical, roof, windows, two furnaces and AC units, a water heater, and Nest camera systems. The property also has a rare basement with poured walls. In addition to its excellent condition and strong tenant, this property is located within Muncie's River District, which makes it eligible for a highly sought-after three-way liquor license from the city for only $2,000. This is a rare opportunity to acquire a fully remodeled, income-generating downtown property with long-term stability, prime location, and tremendous future potential.
Property Type(s): Multi Family
Last Updated 8/23/2025 Tract None
Year Built 1927 County Delaware

SCHOOLS

School District Muncie Community Schools
Elementary School East Washington Academy
Jr. High School Northside
High School Central

Additional Details

AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
BASEMENT Crawl Space, Full, Partial, Sump Pump, Unfinished, Yes
CONSTRUCTION Brick, Masonite
HEAT Forced Air, Natural Gas
INTERIOR Bar, Eat-In Kitchen
LOT 6098 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 48x125
PARKING On Street, Parking Lot
SEWER Public Sewer
STORIES 2
STYLE Historic, Traditional
SUBDIVISION None
TAXES 4071
UTILITIES Cable Available
WATER Public
Listed with Steve Slavin, Coldwell Banker Real Estate Group, Cell: 317-701-5006
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 8/24/25 5:09 AM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2025.

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