Property profile

3121 Walnut St Muncie, IN 47302

OFF-MARKET
Industrial properties
Property ID
US31-1379101
2,042 SF 0.94 ac lot Built 1961
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This single-tenant industrial property, located at 3121 S Walnut St, Muncie, IN 47302, offers 13,562 square feet of versatile manufacturing space. Built in 1961, the building sits on 1.92 acres and features a 14-20 foot ceiling height, ideal for various manufacturing needs. The property includes approximately 9,520 square feet of shop area equipped with bus duct and air lines, along with updated front and rear offices, all centrally heated and cooled. Restrooms are conveniently located in both the front and rear areas. Power is robust, boasting 240V, 800 amp, 3-phase service. The property also benefits from one drive-in door for easy loading and unloading. Exterior improvements are planned, including fresh paint and repairs. The mostly fenced yard provides ample space, complemented by paved parking. The property is zoned for Variety Business and has an APN of 18-11-21-476-010.000-003. Annual property taxes are $0.42 per square foot. This well-maintained property presents a unique opportunity for businesses seeking a functional and efficient workspace in a convenient Muncie location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1961
Construction WOOD
Total area 2,042 SF
Lot 0.94 ac (40,946 SF)
APN 18-11-21-476-010.000-003
UPID US31-1379101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

3121 Walnut St Muncie, IN 47302-5672
Muncie metro Census 1600 MUNCIE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2020
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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