113 E Main St Muncie, IN 47305
Downtown Muncie NeighborhoodEstimated payment $2,248/month
Total Views
6,260
1
Bed
1.5
Baths
5,472
Sq Ft
$66
Price per Sq Ft
Highlights
- 0.14 Acre Lot
- Wood Flooring
- Eat-In Kitchen
- Traditional Architecture
- Stone Countertops
- 1-minute walk to Delaware County Plaza Green & Veterans Memorial
About This Home
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 Cafe 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. 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.
Listing Agent
Coldwell Banker Real Estate Group Brokerage Phone: 317-701-5006 Listed on: 08/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,071
Year Built
- Built in 1927
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 48x125
- Level Lot
- Historic Home
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Poured Concrete
- Rubber Roof
- Masonite
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Built-In Features
- Bar
- Ceiling height of 9 feet or more
- Ceiling Fan
- Double Pane Windows
Kitchen
- Eat-In Kitchen
- Stone Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 1 Bedroom
- Double Vanity
- Garden Bath
Laundry
- Laundry in Utility Room
- Washer Hookup
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Block Basement Construction
- Stone or Rock in Basement
- Crawl Space
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Parking Spaces
- Public Parking
- Driveway
- On-Street Parking
- Parking Lot
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Energy-Efficient Insulation
- Energy-Efficient Doors
- ENERGY STAR/Reflective Roof
- Energy-Efficient Thermostat
Location
- Suburban Location
Schools
- East Washington Academy Elementary School
- Northside Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- High-Efficiency Furnace
- Heating System Uses Gas
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- The owner pays for building insurance, maintenance, tax, water softener
- Assessor Parcel Number 18-11-10-363-003.000-003
- Seller Concessions Offered
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Community Storage Space
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Maintenance Expense $200
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Pending | -- | -- | -- |
| 08/23/2025 08/23/25 | For Sale | $360,000 | -- | $66 / Sq Ft |
Source: Indiana Regional MLS
About the Listing Agent
Steve is a native of Muncie and a graduate of Indiana University with a BA in Economics. He earned his real estate license in 1995 and was a home builder/developer in Henry County. Steve is now a full-time residential realtor® in Muncie. His mother is Linda Needham, now retired in 2014 from 33 years at Coldwell Banker Lunsford. Steve earned the prestigious Coldwell Banker International President’s Premier award in 2015-2024, the highest award from Coldwell Banker, for his superior service to
Steve's Other Listings
Source: Indiana Regional MLS
MLS Number: 202533814
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