Storefront With Basement
For Lease
$12 SF/Yr
118 S Walnut Street, Muncie, IN 47305
COMMERCIAL FOR LEASE, Muncie, IN
Space SizeContact for details
Lot Size0.11 Acres
Days on Market17
Property Features for 118 S Walnut Street
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking features
Off Street
Directions
Jackson Street east to Walnut North 1/2 block
Subdivision
Delaware County
Standard status
Active
APN
18-11-10-363-012.000-003
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
25
Tax Description
BD Addition Blk 24 S41 Ft Lot 5
Tax Annual Amount
23907
Legal Description
BD Addition Blk 24 S41 Ft Lot 5
Utilities
Cooling system
Central Air
Amenities
ADA restrooms
basement storage
walk in coolers
Building Details
Year built
1892
Flooring type
Tile
Roof type
Rubber
Listing Agency:
Coldwell Banker Real Estate Group
(765) 289-2228
Listed By:
Brian Allardt · License #RB14013784
(765) 808-1400
Added: Aug 12
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 202632883
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This commercial storefront offers a flexible configuration with tile flooring, central air, ADA restrooms, and basement storage. The existing layout includes walk-in coolers and plumbing associated with prior food-service use. The space may be divided into 2000+/- sq ft suites, while the owner has the capability to renovate for office, medical office, or additional retail use.
The property fronts S Walnut Street in Muncie’s Walnut Street corridor, positioned between Main and Jackson among restaurants and shops. Parking is available along Walnut Street, with access to a rear parking lot. The building dates to 1892 and has a rubber roof.
The property fronts S Walnut Street in Muncie’s Walnut Street corridor, positioned between Main and Jackson among restaurants and shops. Parking is available along Walnut Street, with access to a rear parking lot. The building dates to 1892 and has a rubber roof.
Key Highlights
- Potential subdivision into 2000+/- sq ft spaces
- Walk‑in coolers and plumbing from prior food‑service use
- ADA restrooms and basement storage included
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 33%
Hotels & Casinos 15%
McDonald's
Dining
23,291 visits/mo
0.4 miles
Courtyard Muncie At Horizon Convention Center
Hotels & Casinos
8,366 visits/mo
0.3 miles
Rally's
Dining
5,247 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
5,212 visits/mo
0.4 miles
Phillips 66
Shops & Services
4,050 visits/mo
0.4 miles
Demographics for 47305, IN
3,629
Population
2,512
Households
1.4
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
1.3 sq mi
ZIP Area
2,792
Density / Sq Mi
$33,125
Median Household Income
$30,648
Median Earnings
$744
Median Rent
$77,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space with ADA restrooms, parking access, and existing food-service infrastructure.
Where is this storefront property located?
The property is located at 118 S Walnut Street Muncie, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Potential subdivision into 2000+/- sq ft spaces; Walk‑in coolers and plumbing from prior food‑service use; ADA restrooms and basement storage included
