Music Hall and Beer
For Sale
Contact for pricing
Pending
215 S Walnut St, Muncie, IN 47305
Two adjacent entertainment venues are available for sale with a one-year sell-and-leaseback agreement and renewal options.
Property SizeContact for details
Days on Market149
Property Features for 215 S Walnut St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
ADM Commercial Real Estate
Listed By:
Mark Sturgis (765) 749-0665 · License #IN RB14034183
(765) 749-0665
Source:
Crexi
Added: Apr 10
Changed: Aug 22
Last Checked: Sep 4 at 11:26AM
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 ADM Commercial Real Estate
Investment Insights
Based on property information with market context.
The offering includes Heorot and the adjacent Valhalla Music Hall & Beer Garden buildings, both of which are being made available in a combined sale-and-leaseback arrangement.
The owner intends to sell the properties and lease them back for a one-year term at $30,000, paid up front upon closing. The lease also includes the right to two (2) additional one-year renewal options at the same rental amount.
This structure provides an operator with near-term continuity while transferring ownership, with the option to extend the lease through the two renewal terms.
The owner intends to sell the properties and lease them back for a one-year term at $30,000, paid up front upon closing. The lease also includes the right to two (2) additional one-year renewal options at the same rental amount.
This structure provides an operator with near-term continuity while transferring ownership, with the option to extend the lease through the two renewal terms.
Key Highlights
- Two adjacent entertainment venues (Heorot and Valhalla Music Hall & Beer Garden) available for sale
- One‑year sell‑and‑leaseback agreement offered
- Lease rent is $30,000, paid up front at closing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 19%
Hotels & Casinos 18%
McDonald's
Dining
23,291 visits/mo
0.3 miles
Courtyard Muncie At Horizon Convention Center
Hotels & Casinos
8,366 visits/mo
0.2 miles
Rally's
Dining
5,247 visits/mo
0.3 miles
STAR Financial Bank
Shops & Services
3,063 visits/mo
0.4 miles
Merchants Bank
Shops & Services
2,949 visits/mo
0.2 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?
Theater & concert hall - Two adjacent entertainment venues are available for sale with a one-year sell-and-leaseback agreement and renewal options.
Where is this theater & concert hall located?
The property is located at 215 S Walnut St Muncie, IN.
What are key features of this property?
This property features: Two adjacent entertainment venues (Heorot and Valhalla Music Hall & Beer Garden) available for sale; One‑year sell‑and‑leaseback agreement offered; Lease rent is $30,000, paid up front at closing
