1300 W University Ave - Medical FOR SALE


Muncie, IN 47303- North Muncie
$800,000 USD
765-808-1400
1300 W University Ave, Muncie, IN for Sale
$800,000 USD
Medical - FOR SALE
1/32
null | Request Cap Rate

1300 W University Ave
Muncie, IN 47303
North Muncie


HIGHLIGHTS

  • Updated electric and plumbing
  • Near Ball State University and University village shopping area
  • Historic and opulent

OVERVIEW

Historic Colonial Revival mansions don't hit the market that often and this Hazelwood Mansion is one of the most incredible properties in Indiana. It features a central portico with Ionic order columns and has a 2+1/2-story rear service wing. Initially when it changed ownership in 2017, historic preservation soon began with newly finished hardwood floors, all new plumbing, updated electrical, new technology installs, fresh paint inside and out, new elegant wallpaper, and many new lights. The foyer has an incredible 31ft ceiling with a custom spiral staircase. Every part of this home is custom made including the floors, trim, plastered crown mould, window mouldings, curved windows, hardware, etc. One of the first things you notice walking up the building is the custom glazed tile exterior and marble, which were allegedly imported from Italy. This is 14,372 SF of above grade finished space with another 5,657 SF in the full basement. The main floor bathrooms were converted to mens/women's stalls (3 each). There are 5 furnaces/AC, a mini-split, and has had extensive electrical work. Latest use is salon and related services such as Massage Therapist and Yoga Studio which could continue if buyer desires to continue leases.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Parlour Salon

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

R2

APN/PARCEL ID

18-11-09-308-018.000-003

ASK ABOUT THIS PROPERTY

Brian AllardtColdwell Banker Commercial --Real Estate GroupMore Info
765-808-1400

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Brian AllardtColdwell Banker Commercial --Real Estate GroupMore Info
765-808-1400

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