Active

220 S Walnut Street

Office • 46Y Old
$2,750,000 Listed 1 week ago
1.19 Acre
Basement
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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.

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Property
MLS # 202639277
Date Listed 2026-09-22
Status Active
Property Type Commercial
Property SubType Office
New Construction No
Type Office
Basement Yes
Annual Taxes $21,574.00
Year Taxes Payable 2027
Year Built 1980
Days on Market 12
Homestead Year No
Room Dimensions
Den 1 × 42829 Level
Master Bedroom 8059 × 42829 Level
3rd Bedroom 7 × 3 Level
External Features
Construction Office
Lot Size 51,836 sq ft
Acreage 1.19 Acre
Lot Dimensions X
Fence None
Location
Area Delaware County
County Delaware
Subdivision None
Township Center
City Muncie
State IN
Zip 47305
Financial
Assoc. Dues $0.00
Contact

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MLS# 202639277
Listing Provided Courtesy of Ryan Kramer
RE/MAX Real Estate Groups
Cell: 765-717-2489

Listing updated September 23, 2026 at 7:45 am
Last checked 13 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.