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    114 S Walnut St Muncie, IN 47305

    Pending
    For Sale
    $599,900

    Mixed Use, Business Service,Professional - Muncie, IN

    Type:Mixed Use
    Lot size:
    0.07 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 114 S Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Office
    Bathrooms
    3
    APN
    18-11-10-363-011.000-003
    Interior features
    Drywall, Other, 220 Volts, Living Space, Office Space, Reception Area, Refrigeration/Freezer
    Exterior features
    220 Volts, Living Space, Office Space, Reception Area, Cable, Refrigeration/Freezer
    Lot size
    0.07 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Baseboard, Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Brick, Masonite
    Roof type
    Rubber
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Steve Slavin (765) 289-2228 License #RB14045844

    Listing date Nov 13, 2025

    MLS# 202514499 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Mixed-Use Building in Downtown

    Located in downtown Muncie, this remodeled mixed-use building features a commercial rental space on the main floor and a two-bedroom, one-and-a-half-bath apartment on the second floor, including an office space on the main floor. The apartment includes a 20x10 rooftop deck. The commercial space is currently leased to a multi-billion dollar insurance conglomerate for $2,060 per month through April 2026, with a renewal option for $2,250 per month. The apartment features 12-foot ceilings, a custom kitchen with a double island, and a large bath with double shower heads and a soaking tub. Custom built-ins are located throughout the property. The apartment includes high-end appliances such as an Italian Ilve stove, a Fisher Paykel refrigerator, a microwave drawer, and a stacked washer/dryer, as well as living room and main bedroom TVs, kitchen bar stools, and a Simplisafe security system. Permitted parking is available in the public parking lot outside the entry door. The residential part of the building is 2,982 square feet, while the commercial space is 1,659 square feet. The apartment could be used as a high-end AirBnb or executive long-term rental. The lot size is 0.065 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunnuck & Associates: Dunnuck ... Attorney Gallagher Insurance, Risk ... Insurance Agency Mc Farland R ... Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.386214
    Latitude
    40.193189

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    FAQs

    What type of property is this?
    Mixed-use property - Remodeled mixed-use building with commercial space and luxury apartment.
    Where is this mixed-use property located?
    The property is located at 114 S Walnut St Muncie, IN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Fully remodeled historic building in the heart of downtown Muncie, featuring a commercial rental space and a luxurious 2 bed, 1.5 bath apartment.; - Leased to a multi-billion dollar insurance conglomerate with a current income of $2,060/month through April 2026, with a renewal option at $2,250/month.; - Apartment features a rare 20x10 rooftop deck and high-end finishes including a Richard's Kitchen and Bath custom kitchen with double island, large bath with double shower heads and soaking tub, and a wet bar with repurposed dumbwaiter.
    (765) 289-2228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 S Walnut St Muncie, IN 47305
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