418 W Adams St

20,230 SF Specialty Building Offered at $350,000 in Muncie, IN 47305

INVESTMENT HIGHLIGHTS

  • Historical property with lovely architectural details.
  • Great location near downtown.
  • Meticulously maintained property.

EXECUTIVE SUMMARY

Welcome to your next investment opportunity! This exceptional property offers a multitude of possibilities in a revitalizing location near downtown in a historical neighborhood. Boasting an impressive array of features, this building exudes character and charm with its beautiful architecture and stone exterior. Meticulously maintained, it received a new roof in 2016, ensuring longevity and durability for years to come. Inside, the space is abundant, with a versatile layout that includes a sanctuary capable of accommodating approximately 250 people, expandable with a removable wall. The commercial kitchen, multiple restrooms, library, classrooms, studies, and admin office provide ample facilities for various activities and functions. Additional amenities include an elevator for accessibility, 3 central air/heat pump units, and 2 boiler systems for efficient heating. The large east room, complete with a kitchenette and commercial freezers, is perfect for meetings and events. Currently utilized as a church, this property holds immense potential for a growing congregation seeking a new home or for creative repurposing. Alternatively, it presents a fantastic opportunity for conversion into office space or apartments, capitalizing on its convenient location and abundance of amenities.

PROPERTY FACTS

Price $350,000
Price Per SF $17.30
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype
Religious Facility
  • Specialty Lodge Meeting Hall
Building Class B
Lot Size 1.10 AC
Building Size 20,230 SF
No. Stories 3
Year Built 1920
Opportunity Zone Yes
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (87)

PROPERTY TAXES

ZONING

Zoning Code R-5 (Residential)
  • Listing ID: 32112378

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 418 W Adams St, Muncie, IN 47305