In 2021 the former Macy's building was bought by a discount store called Buyers Market.

Muncie Mall opened in 1970 with Britt's, W. T. Grant, and Sears as its anchor stores.

Other major tenants upon opening included a National Tea supermarket and Osco Drug.

Books-A-Million opened its fourth Indiana store at the mall in the former Osco Drug in 2006.

A Target store opened outside the mall on the west side on March 5, 2003.

On April 18, 2018, Carson's announced that its store would be closing as a result of liquidation of their parent company, Bon-Ton.

[15] On June 18, 2021, Buyers Market (a discount store) bought and opened in the former Macy's, only using about 50% of the sales floor.

In 2020, WPG CEO Louis G. Conforti referred to Muncie Mall as one of the company's "crappiest assets".

The mall served as collateral for a $33.1 million loan from JPMBB Commercial Mortgage Securities Trust to WPG.