418 W Adams St - Churches FOR SALE


Muncie, IN 47305
$350,000 USD
765-288-0400
418 W Adams St, Muncie, IN for Sale
$350,000 USD
Churches - FOR SALE
1/36
null | Request Cap Rate

418 W Adams St
Muncie, IN 47305


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

48,078 SF

ZONING

R-5

APN/PARCEL ID

18-11-16-226-001.000-003,18-11-16-226-002.000-003,18-11-16-226-008.000-003

ASK ABOUT THIS PROPERTY

Jason LippsRe/Max Real Estate GroupsMore Info
765-288-0400

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Jason LippsRe/Max Real Estate GroupsMore Info
765-288-0400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.