109-107 E  Main St, Muncie, IN 47305
Property image
Property image
OFF MARKET

$187,900

Trulia Estimate
  • 1 Bed
  • 1.5 Baths
  • 2,992 sqft

109-107 E Main St, Muncie, IN 47305

Downtown
Est. Refi. Payment $1,215/mo*
Refinance Your Home
Currently Off Market - Sold Oct 17, 2025 for $430,000

Home Value

Trulia Estimate
$188K
Since last month
Decreased$3K (-1.6%)
Since last year
Increased$45K (+31.7%)
Since last sale
Decreased$244K (-56.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +32% in the last 10 years
MonthEstimated value
2026
September 2026$186K
August 2026$189K
July 2026$160K
June 2026$193K
May 2026$193K
April 2026$182K
March 2026$184K
February 2026$134K
January 2026$137K
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.49
Multi-Family Home
$95,000
04/30/26
5
2
2,212
0.54
Multi-Family Home
$89,000
12/03/25
4
2
2,400
0.51
Multi-Family Home
$168,000
11/07/25
6
4
3,143
0.31
Multi-Family Home
$180,900
03/20/26
12
5
2,092
0.64
Multi-Family Home
$105,000
04/17/26
7
3
2,544
0.56
Multi-Family Home
$90,000
09/30/25
3
1
1,200
0.59
Multi-Family Home
$85,000
11/13/25
2
2
-
0.92
Multi-Family Home
$268,000
12/05/25
8
6
3,331

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.02
$570,000
2
2
4,641
Recently Sold
0.02
$570,000
2
2
6,741
Recently Sold
0.06
$395,700
2
2
1,992
Off Market
0.01
$58,900
-
-
-
For Sale
0.01
-
-
-
-
Off Market
0.01
-
-
-
-
Off Market
0.01
$27,500
-
-
-
For Sale
0.01
-
-
-
-
Off Market
0.04
$16,000
-
-
-
For Sale
0.12
$137,000
1
1
950
Recently Sold
0.12
$164,100
1
2
1,126
Off Market

Local Information

  • Map ViewExplore the area around 109-107 E Main St.
  • Schools2 Preschool Schools2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1927
2,992 sqft
$63/sqft
5 Parking Spaces

About this House

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.
109-107 E Main St, Muncie, IN 47305 is a 1 bedroom, 2 bathroom, 2,992 sqft multi-family in Downtown, built in 1927. It last sold for $430,000 on Oct 17, 2025 (19% above the $360,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $187,900, with a rent estimate of $940/month.
Last check for updates: about 15 hours ago
Listed by Steve Slavin, (317) 701-5006
Coldwell Banker Real Estate Group
Bought with: Steve Slavin, (317) 701-5006, Coldwell Banker Real Estate Group
Source: IRMLS, MLS#202533814

Home Details for 109-107 E Main St

Interior Features

Interior Details
Basement: Crawl Space,Partial,Full,Unfinished,Block,Concrete,Stone,Sump Pump
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2992 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Electric Water Heater, Water Softener RentedLaundry: Washer Hookup
Heating & Cooling
Heating: Natural Gas,Forced Air,High Efficiency FurnaceHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Natural Gas
Gas & Electric
Electric: AEP/I&MGas: CenterPoint Energy
Windows, Doors, Floors & Walls
Window: Double Pane WindowsFlooring: Mixed, Wood, Tile
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Mixed, Wood, Tile
Security
Security: Security System, Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: RubberFencing: NoneOther Structures: NoneFoundation: Basement
Parking & Garage
No GarageParking Spaces: 5Parking: Parking Lot,Public,On Street
Frontage
Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: City
Finished Area
Finished Area (above surface): 2992 Square Feet

Property Information

Year Built
Year Built: 1927
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: HistoricArchitecture: Traditional
Building
Construction Materials: Brick, MasoniteNot a New ConstructionHas Additional ParcelsDoes Not Include Home Warranty
Property Information
Included in Sale: Building, Land, LeaseParcel Number: 181110363003.000003Additional Parcels Description: 1110363003000

Price & Status

Price
List Price: $360,000
Status Change & Dates
Off Market Date: Fri Aug 29 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: MuncieCommunity: None
School Information
Elementary School: East Washington AcademyElementary School District: Muncie Community SchoolsJr High / Middle School: NorthsideJr High / Middle School District: Muncie Community SchoolsHigh School: CentralHigh School District: Muncie Community Schools

Agent Information

Buyer Agent
Buyer Company Name: Slavin Property Group

Building

Building Area
Building Area: 4992 Square Feet

Community

Community Features: None

Lot Information

Lot Area: 6098.4 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Energy

Energy Efficiency Features: Appliances, Doors, Lighting, HVAC, Insulation, Roof, Thermostat, Windows

Business

Expense
Tenant Pays: Cooling, Electricity, Fuel, Heating, Sewer, Trash Collection, Water

Rental Terms, Policies & Fees

Owner Pays: Insurance, Maintenance, Taxes, Water Softener

Miscellaneous

BasementMls Number: 202533814Attribution Contact: Cell: 317-701-5006Above Grade Unfinished Area: 2992

Additional Information

None

Price and Tax history

DateEventPrice
Oct 17, 2025
Source: IRMLS #202533814
Sold
$430,000
Aug 29, 2025
Source: IRMLS #202533814
Pending
$360,000
Aug 23, 2025
Source: IRMLS #202533814
Listed For Sale
$360,000

Market trends in Muncie

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$174K
$1.33K
MoM
Sale-to-List Price
98.6%
0.4%
MoM
Price per sq ft
$115
$5
MoM
Available listings
333
3
MoM

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 1 Trulia users voted on each feature.
  • 100 % Say it's dog friendly

  • 100 % Say it's quiet

  • 100 % Say it's walkable to restaurants

  • 100 % Say parking is easy

  • 100 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Dustin P.
    "You see people walking there dogs all the time and everyone seems friendly enough! I don’t have any pets but if I did I would feel safe walking my dog at anytime!"

LGBTQ Local Legal Protections

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently asked questions about 109-107 E Main St

  • What is 109-107 E Main St estimated to be worth?
    Trulia's estimated value for 109-107 E Main St in Muncie, IN is $187,900.
  • What is the price history for 109-107 E Main St?
    109-107 E Main St in Muncie, IN last sold for $430,000 in October 2025.
  • Is Muncie a buyer's or seller's market?
    Muncie is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Muncie?
    The median sale price in Muncie is $174K. That is up $1.33K from the prior month.
  • Does 109-107 E Main St have air conditioning?
    Yes, 109-107 E Main St in Muncie, IN has air conditioning.
  • Does 109-107 E Main St have laundry facilities?
    Yes, 109-107 E Main St in Muncie, IN has laundry facilities.

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