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. Britt's and Grant's later became L. S. Ayres and J. C. Penney, respectively. Another major tenant was Ball Stores, which later became Elder-Beerman.  In 1997, after L.S. Ayres vacated the central anchor spot for a new store in the mall, the former Ayres building became a new Elder-Beerman store. Elder-Beerman continued to operate a home goods store within the former Ball Stores. L.S. Ayres' newer store became Macy's in 2006. Books-A-Million opened its fourth Indiana store at the mall in 2006.Old Navy, which replaced the Elder-Beerman home store, closed in 2010. Elder-Beerman became Carson's in 2012.