Class A Downtown Office
New
For Sale
$2,750,000
220 S Walnut Street, Muncie, IN 47305
COMMERCIAL, Muncie, IN
Property Size50,888 SF
Lot Size1.19 Acres
Price / SF$54.04
Days on Market2
Property Features for 220 S Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Directions
GPS friendly
Subdivision
Delaware County
Standard status
Active
APN
181115101006000003
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2027
Tax Description
BROWN DONATION AND VAC ALLEYS BLK 27 LOTS 1-4-5-6-7-8
Tax Annual Amount
21574
Legal Description
BROWN DONATION AND VAC ALLEYS BLK 27 LOTS 1-4-5-6-7-8
Utilities
Cooling system
Multi Units, Central Air
Amenities
private offices
breakroom areas
vault
training room
conference room area with kitchenette
Building Details
Year built
1980
Flooring type
Finished, Concrete, Carpet, Vinyl, Tile
Listing Agency:
RE/MAX Real Estate Groups · RE/MAX International
(765) 288-0400
Listed By:
Ryan Kramer · License #36824
(765) 717-2489
Added: Sep 22
Last Checked: Sep 23 at 1:06AM
MLS# 202639277
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 Class A office building in downtown Muncie includes three above-grade levels totaling approximately 42,829 square feet, plus an 8,059-square-foot basement, for approximately 50,888 square feet of usable space. Built in 1980, the property features extensive glass, architectural details, private offices, breakrooms, dedicated men's and women's restrooms on each floor, and vaults. Two elevators and two staircases connect all levels. The second floor adds a training room, conference area with kitchenette, and nearby restroom.
The property is currently occupied by three local organizations. Two leases extend through May 2029 and June 2030, while the seller may either lease back its existing area after closing or vacate it for a buyer's use. A substantial on-site parking lot serves employees, clients, customers, and visitors. The configuration supports continued professional office use, corporate headquarters, or a combination of occupancy and investment, as reflected by the existing layout and tenancy.
The property is currently occupied by three local organizations. Two leases extend through May 2029 and June 2030, while the seller may either lease back its existing area after closing or vacate it for a buyer's use. A substantial on-site parking lot serves employees, clients, customers, and visitors. The configuration supports continued professional office use, corporate headquarters, or a combination of occupancy and investment, as reflected by the existing layout and tenancy.
Key Highlights
- Approximately 50,888 square feet of usable space, including 42,829 square feet above grade and an 8,059‑square‑foot basement
- Three above‑grade levels with two elevators and two staircases serving every level
- Three current occupying organizations, with leases extending through May 2029 and June 2030
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-level professional office property with elevators, private offices, conference facilities, and established occupancy.
Where is this office building located?
The property is located at 220 S Walnut Street Muncie, IN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 50,888 square feet of usable space, including 42,829 square feet above grade and an 8,059‑square‑foot basement; Three above‑grade levels with two elevators and two staircases serving every level; Three current occupying organizations, with leases extending through May 2029 and June 2030
