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    401 S Walnut St Muncie, IN 47305

    For Lease
    $290 SF/Yr ($5,437 /Mo)

    Office/artist suites for rent in historic downtown Muncie building.

    Property size:
    225 SF
    Lot size:
    0.11 Acres

    Property Features for 401 S Walnut St

    General Information

    Size
    225 SF
    Lot size
    0.11 Acres

    Source: ADM Commercial Real Estate Agent Lisa Brand, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Muncie Office/Artist Suites

    Office and artist suites are available for rent within the historic Murray building, situated in downtown Muncie. The rental rate includes utilities and Wi-Fi. The building features a secured entrance. Street parking is available, with additional off-site parking provided in a private lot. Tenant is responsible for providing their own A/C. The property is located one block from the Horizon Convention Center and Courtyard Marriott.
    Location Intelligence

    Current Use by Public Records

    The Caffeinery Coffee Shop Hope Photography Photographer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3866839
    Latitude
    40.1910084

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    FAQs

    What type of property is this?
    Office space - Office/artist suites for rent in historic downtown Muncie building.
    Where is this office space located?
    The property is located at 401 S Walnut St Muncie, IN.
    What is the lease rate?
    The lease rate is $290 SF/Yr.
    What are key features of this property?
    This property features: - Rent includes utilities and Wi-Fi.; - Located in the historic Murray building in downtown Muncie.; - Secured entrance.
    (765) 744-7905
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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
    401 S Walnut St Muncie, IN 47305
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