Description

PUBLIC AUCTION – SATURDAY, NOVEMBER 29th at 11:00 AM (EST) THIS PROPERTY IS NOT AVAILABLE FOR SHOWINGS. CAN ONLY BE VIEWED DURING THE OPEN HOUSES. Open Houses Monday’s, November 17 & November 24, 2025, 5:00 – 6:30 PM Eastern| The price stated on this property is the Guideline price | This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. | $85,000 down day of the auction. | To see all terms, please visit our website. A rare and exceptional opportunity to acquire a purpose-built fraternity, sorority, or group housing facility just steps from Ball State University! This well-maintained, turn-key property offers a flexible layout ideal for student accommodations, university-affiliated organizations, or investor use. The expansive 15,572 square-foot building sits on a generous 0.80 acre lot and features 28 private dorm-style bedrooms, one private first-floor apartment, four shared dorm bathrooms, one private full bathroom, and three half bathrooms. The thoughtful design provides privacy and comfort for residents while maintaining spacious communal areas for meetings, study groups, and social gatherings. Shared spaces include multiple lounges, a large lower-level game and fitness room, a full kitchen with appliances included, a TV auditorium, and a generous laundry area. The property also provides parking for approximately 24 vehicles – a premium convenience in this sought-after campus corridor. This building has been professionally managed and cared for over the years, with continuous improvements from 2020-2025 ensuring low-maintenance ownership for the next owner. Updates include new dorm windows throughout, upgraded Wi-Fi technology, repaved driveway and parking areas, partial roof replacement, chimney and masonry reconstruction, new rear gutters, improved drainage, and an updated concrete patio with perimeter fencing.

Address

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Address: 1100 W Riverside Avenue
City: Muncie
State/county: IN
Zip/Postal Code: 47303

Details

Updated on February 6, 2026 at 9:30 pm

Property ID 22069126
Price $563,750
Property Size 15572 Sqft
Land Area 0.62 Acres
Garage Size x x
Year Built 1994
Property Type Multi-Family 5+, Commercial Sale
Property Status Closed

Additional details

Utilities Cable Connected,Electricity Connected,Natural Gas Available,Natural Gas Connected,Water Connected
Cooling Central Air
Heating Forced Air,Natural Gas
County Delaware
Property Type Commercial Sale
Parking Common
Elementary School West View Elementary School
Middle School Northside Middle School
High School Muncie Central High School

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Preeti Chaggar
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