Ball State sent out a university-wide public safety email, warning of the armed burglary at 3015 N. Oakwood Ave.
With the suspects apprehended, no continued threat to the Ball State community is present, according to the university-wide email.
MPD is investigating the incident.
This is the second time during the fall semester that the university has utilized email alerts, warning students about potential crime near campus.
This story will be updated.