Three-Level Office
New
For Sale
$2,750,000
220 S Walnut Street, Muncie, IN 47305
Elevator service, private offices, conference facilities, and on-site parking support a range of professional operations.
Property Size50,888 SF
Price / SF$54.04
Days on Market5
Property Features for 220 S Walnut Street
General Information
Standard status
Active
Size
50,888 SF
Class
Class A
Elevators
Yes
Property subtype
Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Office
Amenities
training room
conference room area with kitchenette
breakroom areas
vault
Building Details
Year Built
1980
Buildings
1
Stories
3
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
RE/MAX Real Estate Groups
Listed By:
Ryan Kramer · License #36824
(765) 717-2489
Source:
Castleonerealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:24PM
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 RE/MAX Real Estate Groups
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Investment Insights
Based on property information with market context.
Located at 220 S Walnut Street in downtown Muncie, this office property has three above-grade floors and a basement, with 50,888 square feet in total. Built in 1980, it includes private offices, break areas, and a vault on each floor, along with men's and women's restrooms. Two elevators serve all four levels, and two staircases provide additional circulation. The second floor also contains a training room and a conference area with a kitchenette.
Three organizations currently occupy the building. Two tenants have leases running through May 2029 and June 2030. The seller occupies space as well and may lease it back after closing or vacate it, subject to a buyer's requirements; the other tenants are expected to remain. A substantial on-site parking lot serves employees and visitors. The property's existing tenancy and available seller space offer flexibility for continued multi-tenant occupancy or owner use.
Three organizations currently occupy the building. Two tenants have leases running through May 2029 and June 2030. The seller occupies space as well and may lease it back after closing or vacate it, subject to a buyer's requirements; the other tenants are expected to remain. A substantial on-site parking lot serves employees and visitors. The property's existing tenancy and available seller space offer flexibility for continued multi-tenant occupancy or owner use.
Key Highlights
- 50,888 square feet across three above‑grade floors and a basement
- Two elevators serve all levels; the building also has two staircases
- Private offices, break areas, restrooms, and a vault on each floor
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Elevator service, private offices, conference facilities, and on-site parking support a range of professional operations.
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: 50,888 square feet across three above‑grade floors and a basement; Two elevators serve all levels; the building also has two staircases; Private offices, break areas, restrooms, and a vault on each floor
