PUBLIC AUCTION - SATURDAY, NOVEMBER 29th at 11:00 AM (EST) 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. Several HVAC systems have been replaced, and multiple shared bathrooms and common areas have been renovated or re-carpeted. The property’s proximity to Ball State University—just one block away—makes it a premier option for student lodging. It's a rare single-room layout offers a level of privacy unmatched by other Greek housing options on campus, setting it apart as a unique and highly desirable facility for student living.
