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Storefront with Basement Storage
New
For Sale
$48,000

118 S Walnut Street, Muncie, IN 47305

The interior can be configured as smaller suites, with food-service features and storage below grade.

Property SizeContact for details
Days on Market4

Property Features for 118 S Walnut Street

General Information

Standard status Active
Property subtype Commercial

Amenities

walk-in coolers
ADA restrooms
entrance to rear parking lot
front parking on Walnut Street
basement storage

Building Details

Year Built 1892
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Source: Jmrealtyonline
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 2:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

This 1892 storefront has a layout that may be divided into spaces of approximately 2,000+/- square feet. Existing features include walk-in coolers, some plumbing, ADA restrooms, and basement storage. The property could also be remodeled for office, medical office, or retail use.

Walnut Street frontage places the building among restaurants and shops, between Main and Jackson. Parking access is available from the rear, with front parking along Walnut Street.

Key Highlights

  • Possible division into spaces of 2000+/- sq ft
  • Existing walk‑in coolers, plumbing, and ADA restrooms
  • Basement storage included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

R D Hunt ... Photography Service Danielle's Popcorn (Bike/Boat/Book/etc) Store Just Cones by ... Grocery & Convenience Store Ice Cream Popcorn ... Grocery & Convenience Store The Bloom Downtown Restaurant

Suggested Use

Top Pick Pharmacy Cafe & Coffee Shop Dental Office Parking Lot & Garage Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,182
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - The interior can be configured as smaller suites, with food-service features and storage below grade.
Where is this storefront property located?
The property is located at 118 S Walnut Street Muncie, IN.
What is the asking price?
The asking price for this property is $48,000.
What are key features of this property?
This property features: Possible division into spaces of 2000+/- sq ft; Existing walk‑in coolers, plumbing, and ADA restrooms; Basement storage included
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