www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.
Opportunity Zone

1300 W University Avenue

Retail | 20,029 SF

Listing Contacts

Active

Asking Price: $800,000
Address 

1300 W University Avenue, Muncie, IN 47303

Show on Map
Date Added
Feb 12, 2025
Days on Market
36 days
Time Since Last Update
29 days

Details

Property TypeRetail, Land
SubtypeCommercial
Square Footage20,029
Lot Size (sq ft)63,597

Marketing Description

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 and a mini-split.​ The roof is imported tile and there are extra tiles.​ Brief History: The Hazelwood Mansion was built in 1915 by Alva Kitselman.​ The mansion was originally on 25 acres of land.​ Alva made his fortune by manufacturing the first steel roller skates by putting ball bearings into them.​ In 1900 Alva and his brothers started a wire fence factory in Muncie.​ The Hazelwood Mansion was placed on the National Register of Historic Places on September 8, 1994.​ It was named Hazelwood after the property's abundant hazelnut trees.​ This is currently in use by Parlour, a local salon, but this could easily be converted to any office use.​ I can see how this property could house a collection of private salons, massage therapist, counseling services, yoga, or any number of multiple businesses with a common front desk.​ There's ample parking too and this is located just minutes from the heart of the Ball State campus.​ Here's your chance to own a piece
Powered by Coldwell Banker
Learn More

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Office, Retail, Special Purpose property located at 1300 W University Ave, Muncie, IN 47303 for sales - image #1
Opportunity Zone
$800,000
Historic near Ball State University Business & Prof. Uses
Office • 14,372 SF

1300 W University Ave Muncie, IN 47303

Pictures of Retail property located at 418 W Adams St, Muncie, IN 47305 for sales - image #1
Opportunity Zone
$350,000
418 W Adams
Retail

418 W Adams St Muncie, IN 47305

Pictures of Industrial, Retail, Self Storage property located at 615 S Liberty Street, Muncie, IN 47305 for sales - image #1
Opportunity Zone
$350,000
615 S Liberty Street
Storage warehouse distribution close to Downtown Muncie

615 S Liberty Street Muncie, IN 47305

Pictures of Retail property located at 2700 W Jackson St, Muncie, IN 47303 for sales - image #1
$499,900
2700 W Jackson St
Retail • 3,265 SF

2700 W Jackson St Muncie, IN 47303

Pictures of Retail property located at 1101 W McGalliard Rd, Muncie, IN 47303 for sales - image #1
$999,999
Freestanding Restaurant | 6,508 SF | 1.63 AC
6,508 SF Freestanding Restaurant on 1.63 AC

1101 W McGalliard Rd Muncie, IN 47303

Pictures of Retail, Multifamily, Office, Self Storage property located at McGalliard Visibility next to Fresh Thyme Grocery, Muncie, IN 47303 for sales - image #1
$750,000
McGalliard Visibility next to Fresh Thyme Grocery
Retail

McGalliard Visibility next to Fresh Thyme Grocery Muncie, IN 47303

Pictures of Retail property located at 809 W McGalliard Rd, Muncie, IN 47303 for sales - image #1
$3,389,000
Chili's Restaurant / Brinker International
Retail • 6.65% CAP • 5,312 SF

809 W McGalliard Rd Muncie, IN 47303

Pictures of Retail, Office property located at 3000 W White River Blvd, Muncie, IN 47304 for sales - image #1
Unpriced
3000 White River Blvd
Retail • 6,025 SF

3000 W White River Blvd Muncie, IN 47304

Pictures of Retail, Land property located at 3000 N Buckles St, Muncie, IN 47303 for sales - image #1
$750,000
3000 N Buckles St
Retail

3000 N Buckles St Muncie, IN 47303

Pictures of Retail, Office property located at 1107 S Tillotson Ave, Muncie, IN 47304 for sales - image #1
$1,250,000
Tillotson X Mlk Tillotson Extension
Retail • 12,600 SF

1107 S Tillotson Ave Muncie, IN 47304

Pictures of Retail property located at 2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303 for sales - image #1
$549,900
2300 N Dr Martin Luther King Jr Blvd
Retail • 11,445 SF

2300 N Dr Martin Luther King Jr Blvd Muncie, IN 47303

See more properties for sale in Muncie
See More
See More Similar Properties
Broker Information
Broker Name
Steve Slavin
Broker License
IN RB140458844
Brokerage Name
Coldwell Banker Real Estate Group
Broker Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .