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Listed by Coldwell Banker Real Estate Group
$355,000
Est. payment /mo
2 Baths
0.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202610287
HOA Y/N No
Year Built 1910
Annual Tax Amount $6,856
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions 166x195
Property Sub-Type Restaurant
Property Description
For nearly 75 years, The Oasis Bar has stood as Muncie's oldest continuously operating bar in the same location, offering a rare opportunity to own a true piece of local history. Originally built in 1910 and established as The Oasis in 1952 by the Mason family—who operated it for five generations—this iconic property has long been a neighborhood gathering place, once known for its breaded tenderloins, hamburgers, lively nightclub scene, and big band performances of the 1950s. Today, it has evolved into a remodeled sports bar featuring pool tables and an upgraded stage ideal for karaoke and live music. The offering includes the building, all bar, kitchen, and restaurant equipment, the liquor license, a neighboring investment property, and an expansive 0.91-acre vacant lot along Burlington Avenue. The liquor inventory is negotiable. The seller reports the business has returned to profitability, and a 2026 P&L statement is available upon request. The included rental home offers 1,243 square feet with 2 bedrooms, 1 bath, a 622-square-foot unfinished basement, and is currently leased at $700 on a month-to-month basis. This is a unique chance to carry on a local legacy while making it your own for generations to come.
Location
State IN
Zoning Business Variety
Rooms
Basement Partial, Slab, Unfinished
Interior
Heating Gas, Forced Air
Inclusions Building, Business, Furniture, Land, Inventory
Fireplace N
Exterior
Parking Features Parking Lot, Paved
Fence Partial, Wood
Waterfront Description None
View Y/N true
Total Parking Spaces 19
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Tax ID 18-11-13-351-013.000-003
Acceptable Financing IRM202610287
Listing Terms IRM202610287
Special Listing Condition None
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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