220 S Walnut ST, Muncie, IN 47305
220 S Walnut ST, Muncie, IN 47305
220 S Walnut ST, Muncie, IN 47305
220 S Walnut ST, Muncie, IN 47305
220 S Walnut ST, Muncie, IN 47305
220 S Walnut ST, Muncie, IN 47305
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Ryan Kramer • RE/MAX Real Estate Groups • Cell: 765-717-2489
$ 2,750,000
Est. payment | /mo

7 Baths

1.19 Acres Lot


Save
$ 2,750,000
Est. payment | /mo
Save

7 Baths

1.19 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202639277

HOA Y/N No

Year Built 1980

Annual Tax Amount $21,574

Tax Year 2027

Lot Size 1.190 Acres

Acres 1.19

Lot Dimensions X

Property Sub-Type Office

Property Description

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.

Location

State IN

County Delaware County

Rooms

Basement Partial

Interior

Heating Electric, Conventional, Forced Air, Heat Pump

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Parking Lot, Paved

View Y/N true

Total Parking Spaces 64

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 181115101006000003

Acceptable Financing IRM202639277

Listing Terms IRM202639277

Special Listing Condition None

Indiana Regional MLS (IRMLS)

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220 S Walnut ST

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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