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Multi-Unit Retail Storefront Building
For Sale
$649,900

1424 S Walnut St, Muncie, IN 47302

Three storefront units with ample parking, including two currently occupied and updates with a new roof and AC units.

Property SizeContact for details
Days on Market48

Property Features for 1424 S Walnut St

General Information

Standard status Active

Building Details

Year Built 1970
Listing Agency: Golden Rule Realty, LLC
Listed By: Michelle McGuire
Source: Exprealty
Added: Jun 25 Changed: Jul 23 Last Checked: Aug 10 at 7:30AM

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 Golden Rule Realty, LLC

Investment Insights

Based on property information with market context.

Well-maintained commercial retail building featuring three storefront units on a high-traffic main road with strong visibility. Two of the storefronts are currently occupied, providing immediate rental income, while one unit is vacant and available for an owner-user or a new tenant.

Originally built in 1970, the property has been updated with a new roof and new AC units to enhance efficiency and reduce future maintenance. The building offers flexible retail layouts and includes ample parking for customer convenience.

Located at 1424 S Walnut St, Muncie, IN, the property’s street presence and multi-unit structure make it suitable for a variety of retail and service uses, depending on tenant needs and lease structure.

Key Highlights

  • Well‑maintained commercial retail building with three storefront units on a high‑traffic main road
  • Two storefront units currently occupied, providing immediate rental income; one unit is vacant for owner‑user or new tenant
  • Updated with a new roof and new AC units to improve efficiency and reduce future maintenance

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Computer & Electronic Repair Parking Lot & Garage Gym & Fitness Center Food Market (Bike/Boat/Book/etc) Store

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

146
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
3,624 visits/mo 0.3 miles

Demographics for 47302, IN

25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Miller's Flower Shop 1525 S Madison St, Muncie, IN 47302

Frequently Asked Questions

What type of property is this?
Storefront property - Three storefront units with ample parking, including two currently occupied and updates with a new roof and AC units.
Where is this storefront property located?
The property is located at 1424 S Walnut St Muncie, IN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Well‑maintained commercial retail building with three storefront units on a high‑traffic main road; Two storefront units currently occupied, providing immediate rental income; one unit is vacant for owner‑user or new tenant; Updated with a new roof and new AC units to improve efficiency and reduce future maintenance
More about this property
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