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Downtown Muncie Office/Artist Suites
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401 S Walnut, Muncie, IN

Office/artist suites for rent in historic downtown Muncie building.

Space Size540 SF
Lot Size0.11 Acres
Days on Market272

Property Features for 401 S Walnut

General Information

Standard status Active
Size 540 SF
Lot size 0.11 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 401 S Walnut Contact us

Historic Murray Building $495/Mo

Floor
2
Size
540 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE
Studio/Office suites available in the historic Murray building in downtown Muncie....
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Contact us
Listing Agency: ADM Commercial Real Estate
Listed By: Lisa Brand, CCIM · License #RB14020834
Source: Moodyscre
Added: Nov 24, 2025 Changed: Aug 8 Last Checked: Aug 22 at 9:22AM

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.

Office and artist suites are available for rent within the historic Murray building, situated in downtown Muncie. The rental rate includes utilities and Wi-Fi. The building features a secured entrance. Street parking is available, with additional off-site parking provided in a private lot. Tenant is responsible for providing their own A/C. The property is located one block from the Horizon Convention Center and Courtyard Marriott.

Key Highlights

  • Rent includes utilities and Wi‑Fi.
  • Located in the historic Murray building in downtown Muncie.
  • Secured entrance.

Property Analytics

Current Use

The Caffeinery Cafe & Coffee Shop Hope Photography Photography Service

Suggested Use

Top Pick Cafe & Coffee Shop Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Food Market Furniture & Home Goods

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,210
Businesses Nearby

Market

Lease Benchmarks for Muncie, IN

$10.54 /SF/Yr
Avg Asking Price
$9–$11 /SF/Yr
Price Range
3,439 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office/artist suites for rent in historic downtown Muncie building.
Where is this office units located?
The property is located at 401 S Walnut Muncie, IN.
What is the lease rate?
The lease rate is $495/Mo.
What are key features of this property?
This property features: Rent includes utilities and Wi‑Fi.; Located in the historic Murray building in downtown Muncie.; Secured entrance.
(765) 744-7905 Call to check price and availability
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