107 E Main St Muncie, IN 47305

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. 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. This building is 2,000 SF on the main floor and around 600 SF on the 2nd floor. 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. NOTE: Muncie just released the application for facade grant money, and this 107 building qualifies. This is a rare opportunity to acquire a fully remodeled, income-generating downtown property with long-term stability, prime location, and tremendous future potential.