220 S Walnut Street
Muncie, IN, 47305 $ 2,750,000
Bedrooms-- Baths7.0 Sq 42,829 Monthly Estimate*
$ 17,364
for $2,750,000 with 7 full baths. This 42,829 square foot building was built in 1980 on a lot size of 1.19.
CLASS A DOWNTOWN OFFICE|CORPORATE HEADQUARTERS|INVESTMENT OPPORTUNITY! Exceptional Class A commercial office property located in the heart of downtown Muncie, offering a rare combination of quality construction, prominent location, substantial square footage, existing tenancy, and owner-user flexibility. Originally constructed for a banking institution to accommodate corporate offices, operations, and a branch location, this impressive property has been thoughtfully designed for professional and corporate use and currently serves as the headquarters/business offices for three local organizations. The building features three levels above grade totaling approximately 42,829 square feet, plus an additional 8,059-square-foot basement, providing approximately 50,888 total square feet of usable space. The exterior features extensive glass & architectural elements that provide abundant natural light throughout the building while creating an attractive, professional presence in downtown Muncie. Accessibility & functionality are exceptional, with two elevators serving all three above-grade floors and the basement, along with two staircases. Each floor offers dedicated men's & women's restrooms, private offices, breakroom areas, and a vault. The second floor includes a training room, conference room area with kitchenette, and an additional restroom conveniently located nearby. The property currently benefits from a diversified occupancy structure. The seller is one of the three organizations currently occupying the building, while the other two organizations have existing leases extending through May 2029 & June 2030, respectively. The seller is willing to lease back its existing space following the sale or vacate that space to accommodate a buyer's needs, providing exceptional flexibility for an owner-user, investor, or combination owner-user/investment strategy. The existing tenants are expected to remain in place. A substantial on-site parking lot provides ample off-street parking for employees, clients, customers, & visitors, adding to the property's functionality & convenience. This is a unique opportunity to acquire a substantial, professionally designed property in the heart of downtown Muncie with existing tenancy, long-term leases, significant owner-user potential, elevator service to every level, extensive private office space, conference/training facilities, & abundant on-site parking. Ideal for Corp HQ, professional services, financial, or healthcare.
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FeaturesGeneralHeating Electric Conventional Forced Air Heat Pump
Cooling Central Air Multiple Cooling Units
Ceiling Height unknown
Roof Other
Parking Yes Lot Paved
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 7
Year Built 1980
New Construction No
Subdivision None
Stories Count 3
Township Center
Class COMMERCIAL
Type Office
Age 46
Inside City Limits Yes
Special Features Basement Office Space
REO No
Status Detail 0
Area Delaware County
City Muncie
Legal Description BROWN DONATION AND VAC ALLEYS BLK 27 LOTS 1-4-5-6-7-8
Agent First Name Ryan
Agent Last Name Kramer
DOM 8
Tax Year 2027
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ExteriorRoad Access City
Exterior Other
Number of Parking Spaces 64
Lot Size Area 51836
Lot Dimensions X
Parking Type paved private lot
Waterfront Y/N No
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InteriorFlooring Carpet Concrete Finished Vinyl Tile Tile Vinyl
Basement/Foundation Partial Basement
Walls Other
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* Excluded FeaturesList ByRe/Max Real Estate GroupsBroker
ryan@kramerrealestategroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,364
- Monthly Property Taxes
- $1,798
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Muncie, IN
Average List Price $665,588
Percent of Sale Price 76%
About Muncie, IN 67,860 Population
-5% Since 2002
$ 32,102 Median Income
30.9 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/22/2026 | $2,750,000 | | Listed Price |