125 N High St, Muncie, IN 47305

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1903

INVESTMENT OVERVIEW
Summit Realty Group has been retained as the exclusive investment advisor in the sale of the Arrasmith Building, located in Muncie, Indiana, home of Ball State University. The Arrasmith Building is a 3-story building containing 16 apartments on the top two floors and commercial space on the first floor. The Building had façade and major interior renovations in the 1990’s including new windows, a new rubber membrane roof and new electrical wiring throughout. The property also includes two 18-space paved parking lots.

LOCATION
Arrasmith is within walking distance to both Ball State University and Ivy Tech Community College. It is also within walking distance to downtown Muncie’s shops and restaurants. Muncie is home to Ball State University, one of the top state colleges in Indiana. Ball State currently enrolls 22,000 students at its campus and is less than one mile from the Arrasmith building. Ivy Tech has recently expanded it’s Muncie Campus to add a Culinary School that is within two blocks of the Arrasmith building.
The city of Muncie has a population of approximately 70,000 people and is located in Delaware county, which rounds out the population to 115,200. Muncie has a strong employment base with Ball State University employing over 3,700 people in the area. Muncie is known as the East Central Indiana regional hub of the state, hosting a state-of-the art top rated hospital and cancer center.

Offering price $698,000
Total Building SF + 20,000 SF
(includes common area and basement)
Occupancy 100%
Total Commercial SF 5,000 SF
Total Residential SF 7,883 SF
Residential Units 16
Commercial Spaces 2
Number of Floors 3 + basement level
Surface Parking 42 spaces
Year Built / Renovated 1903 / 1995 - 1998