313 W 5th St, Muncie, IN, 47302
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt,Metal,Shingle
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Mixed
- Finished area below ground: 0
- Finished area above ground: 1,014
Heating & Cooling
- Heating features: Natural Gas,Forced Air,Wall Furnace,Multiple Heating Systems
- Cooling features: Central Air,Multi Units
Interior Area
- Total structure area: 3,042
- Total interior livable area: 1,014 sqft
Property
Details
- Parcel number: 181116430007000003
Features
- Stories: 2
- Fencing: Chain Link,Fenced
- Waterfront features: None
Lot
- Lot size: 0.78 Acres
- Features: Corner Lot,City/Town/Suburb
- Lot size dimensions: 210x163
Parking
- Total spaces: 10
- Parking features: Off Street,Off Street Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Lightning
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $753 | $9,036 |
| Home Insurance * | $217 | $2,604 |
| Property Taxes | $100 | $1,200 |
| Electricity | $184 | $2,212 |
| Total | $1,254 | $15,048 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-09 | Price change | $149,000 |
| 2026-06-24 | Price change | $155,000 |
| 2026-06-16 | Listed for sale | $170,000 |
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