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
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $528,700 | |
Land Assessment | $168,800 | Total Assessment | $697,500 |
ZONING
Zoning Code | R-5 (Residential) |