2809 Walnut St, Muncie, IN 47303-1962

This exceptional investment opportunity presents a 17,000-square-foot industrial warehouse situated on a 1.18-acre lot in Muncie, Indiana. The property, built in 1956 and boasting a 7.00% cap rate, features a single-story building with a desirable NNN lease in place. The warehouse space totals 11,000 square feet, offering varying ceiling heights (24 feet in the rear and 18 feet at the front) and multiple loading docks. A substantial 6,000-square-foot office area complements the warehouse, including eight private offices, a conference room, break room, and two bathrooms. The office space benefits from centralized heating and cooling. Security features include a fenced perimeter with an electric gate, upgraded three years ago. The building's construction utilizes steel, block, and drywall—no wood—providing enhanced safety and lower insurance costs. Recent improvements (2023) include new metal siding, resealed parking lot, and a renewed concrete pad section. The building also features upgraded electrical systems and a five-year-old flat rubber roof. Two 5-ton rooftop units provide heating and cooling to the office area. This property offers a strong, reliable income stream from a creditworthy tenant, making it an ideal addition to any investment portfolio. The property's APN is 18-11-04-277-022.000-003 and is zoned for industrial use. The asking price is $1,250,000.