Building Details

Year Renovated 2025

Spaces For Lease

at 3121 S Walnut St Contact us

Office/Warehouse $10/SF/Yr

Size

13,562 SF

Type

INDUSTRIAL

Lease Type

NNN

Availability

AVAILABLE, Negotiable

Office/Warehouse/Light manufacturing building completely renovated in 2025. Exterior... has new paint, stone and fencing in rear lot, all new windows in office areas, 4 new overhead doors with openers, new rubber roof on front office area. Interior boasts 2,000 square feet of newly constructed offices with reception, conference room, restroom, workstations and a fully equipped kitchen, new plumbing and HVAC. Warehouse has fresh paint and new LED light fixtures, bus duct, heat, new doors and door openers and new restrooms., Rear shop area is approximately 40'x80' and has 20' ceiling heights. Additional office area of 2,000 square feet is located at the rear of the warehouse and includes a separate entrance. Approximately 1,000 SF is an executive office suite including conference room, large work/live area, full bath with standup shower, kitchenette with full size refrigerator, microwave and dishwasher, luxury plush carpet and wired for technology. The remaining 1,000 SF is built out workstations. Outside storage area has new stone and privacy fence as well as a charging station for EV's. All construction is top quality. This property is for sale or lease.

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Listing Agency: ADM Commercial Real Estate Show Phone

Listed By: Lisa Brand, CCIM · License #RB14020834 Show Phone

Source: Moodyscre

Added: Sep 21 Changed: Sep 26 Last Checked: Sep 26 at 3:02PM

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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.

This 13,562-square-foot flex property combines office, warehouse and light-manufacturing space. Renovations completed in 2025 included new office windows, HVAC and plumbing, a rubber roof over the front office, and four overhead doors with openers. The front office buildout adds 2,000 square feet with reception, a conference room, workstations, a restroom and a kitchen. Warehouse improvements include new LED fixtures, bus duct, heat and restrooms.

A rear shop area measures approximately 40 by 80 feet and has 20-foot ceilings. Behind the warehouse, a separate 2,000-square-foot office area includes an executive suite with a conference room, full bath, kitchenette and technology wiring, alongside additional workstation space. The rear exterior also has fenced outdoor storage and an EV charging station.

Key Highlights

• 13,562‑square‑foot flex property
• Renovated in 2025, with four new overhead doors and openers
• Front office buildout includes 2,000 square feet

Property Analytics

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Current Use

Ken-Bar Tool & Engineering ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Hair Salon Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

Yes

Fenced yard

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

235

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - The layout brings together new office suites, warehouse capacity and areas suited to light manufacturing.

Where is this flex space located?

The property is located at 3121 S Walnut St Muncie, IN.

What is the lease rate?

The lease rate is $10 SF/Yr.

What are key features of this property?

This property features: 13,562‑square‑foot flex property; Renovated in 2025, with four new overhead doors and openers; Front office buildout includes 2,000 square feet