Opportunity to own a working piece of Muncie history: machine shop, rental home, pole barn, fenced, and income potential all in one property. Operating since the early 1900s, this property was home to Kemp Machine Shop and later BK Machine Shop, serving generations of local industry. The machine shop remains operational today, offering an opportunity for an owner-user, investor, or entrepreneur seeking established industrial space with a proven legacy. The property includes the commercial building, an additional pole barn for storage or expansion, and a separate 2-bedroom, 1-bath rental home with an unfinished attic, providing additional income potential. The fenced property offers ample parking and outdoor space. Conveniently located near downtown Muncie, this unique property presents an exceptional live-work opportunity, allowing owners to operate a business while generating rental income from the residential dwelling. Whether you're looking to continue its industrial heritage or reimagine the space for a new venture, the possibilities are endless.
Active
Price cut: $15K (6/24)
$155,000
313 W 5th St, Muncie, IN 47302
2beds
1,014sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Pole barn for storageUnfinished atticFenced property
- 19 days |
- 212 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Buckner 765-215-9665,
RE/MAX Real Estate Groups
Source: IRMLS,MLS#: 202623603
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas, Forced Air, Wall Furnace, Multiple Heating Systems
Cooling
- Central Air, Multi Units
Features
- Flooring: Mixed
- Basement: Unfinished
Interior area
- Total structure area: 3,042
- Total interior livable area: 1,014 sqft
- Finished area above ground: 1,014
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Off Street, Off Street Parking
Features
- Stories: 2
- Fencing: Chain Link,Fenced
- Waterfront features: None
Lot
- Size: 0.78 Acres
- Dimensions: 210x163
- Features: Corner Lot, City/Town/Suburb
Details
- Additional structures: Pole/Post Building
- Parcel number: 181116430007000003
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt,Metal,Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: AEP/I&M
- Gas: CenterPoint Energy
- Sewer: City
- Water: City, Indiana American Water Co
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Muncie
Financial & listing details
- Tax assessed value: $73,200
- Annual tax amount: $1,907
- Date on market: 6/16/2026
- Inclusions: Building
- Lease term: None
- Total actual rent: 0
- Tenant pays: None
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $155,000-8.8% |
Source:  IRMLS #202623603 Report a problem | ||
| 6/16/2026 | Listed for sale | $170,000 |
Source: IRMLS #202623603 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,907 -1.9% | $73,200 |
| 2023 | $1,943 +8.1% | $73,200 -1.7% |
| 2022 | $1,798 +8.7% | $74,500 +8.1% |
| 2021 | $1,654 | $68,900 +11.7% |
| 2020 | $1,654 +0% | $61,700 |
| 2019 | $1,654 -25.7% | $61,700 |
| 2018 | $2,227 -30.7% | $61,700 +5.1% |
| 2017 | $3,212 +70.7% | $58,700 +3.3% |
| 2016 | $1,881 -18.7% | $56,800 -9.3% |
| 2014 | $2,313 +12.2% | $62,600 |
| 2013 | $2,062 +12.1% | $62,600 +2.1% |
| 2012 | $1,839 +21.9% | $61,300 +21.9% |
| 2010 | $1,509 -2.1% | $50,300 -2.1% |
| 2009 | $1,542 | $51,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Central
Nearby schools
GreatSchools rating
- 3/10South View Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Muncie Central High SchoolGrades: PK-12Distance: 1.2 mi
- 2/10Southside Middle SchoolGrades: 6-8Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Southview
- Middle: Southside
- High: Central
- District: Muncie Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Delaware County
- Muncie
- 47302
- South Central
- 313 W 5th St
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