Storefront with Basement
New
For Lease
$12 SF/Yr
118 S Walnut Street, Muncie, IN 47305
SINGLE_FAMILY - Muncie, IN
Space Size2,000 SF
Lot Size0.11 Acres
Days on Market6
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
walk-in coolers
basement storage
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 13
Last Checked: Aug 17 at 3:06AM
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 1892 commercial storefront offers a flexible layout with tile flooring, central air, and a rubber roof. The building includes basement storage, ADA restrooms, and existing food-service improvements such as walk-in coolers and plumbing. The space may be divided into areas of approximately 2,000 square feet or more, subject to final configuration.
The property occupies 0.11 acres on South Walnut Street in downtown Muncie, positioned between Main Street and Jackson Street among restaurants and shops. Parking is available along Walnut Street and through access to a rear lot. The storefront can support retail, office, medical office, or other commercial uses, with any renovation or remodeling subject to owner approval and final scope.
The property occupies 0.11 acres on South Walnut Street in downtown Muncie, positioned between Main Street and Jackson Street among restaurants and shops. Parking is available along Walnut Street and through access to a rear lot. The storefront can support retail, office, medical office, or other commercial uses, with any renovation or remodeling subject to owner approval and final scope.
Key Highlights
- Approximately 2,000+/- square foot subdivision options
- Existing walk‑in coolers and plumbing from prior food‑service use
- ADA restrooms and basement storage included
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 23%
Hotels & Casinos 18%
McDonald's
Dining
23,291 visits/mo
0.4 miles
Courtyard Muncie At Horizon Convention Center
Hotels & Casinos
8,366 visits/mo
0.0 miles
Rally's
Dining
5,247 visits/mo
0.3 miles
Dollar General
Shops & Services
5,147 visits/mo
0.5 miles
Merchants Bank
Shops & Services
2,949 visits/mo
0.3 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 - Flexible commercial space with food-service infrastructure, ADA restrooms, central air, and access to front and rear parking.
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: Approximately 2,000+/- square foot subdivision options; Existing walk‑in coolers and plumbing from prior food‑service use; ADA restrooms and basement storage included
