# 220 S Walnut Street, Muncie, IN 47305 > **TL;DR:** commercial, $2,750,000, built 1980. > A/C. Est. $14,707/mo. Listed 42 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,750,000 | | Year Built | 1980 | | Lot Size | 51,836 sqft (1.19 acres) | | Property Type | Commercial (Office) | | Status | Active | | Days on Market | 42 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $13,905 | | Estimated Insurance | $802 | | **Total** | **$14,707** | ## Key Amenities - A/C ## Property Highlights - Built in 1980 - 1.19 acre lot ## Description ### Agent 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 - **Address:** 220 S Walnut Street, Muncie, IN 47305 - **County:** Delaware County - **Coordinates:** 40.192201, -85.386239 - **Google Maps:** https://www.google.com/maps?q=40.192201,-85.386239 ## Listing Agent - **Name:** Ryan Kramer - **Brokerage:** RE/MAX Real Estate Groups - **Broker Phone:** (765) 288-0400 ## Photos ![220 S Walnut Street - Photo 1](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2422679750r.jpg) ![220 S Walnut Street - Photo 2](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2430360811r.jpg) ![220 S Walnut Street - Photo 3](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2963930672r.jpg) ![220 S Walnut Street - Photo 4](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2578813947r.jpg) ![220 S Walnut Street - Photo 5](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1162394223r.jpg) ![220 S Walnut Street - Photo 6](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f576381630r.jpg) ![220 S Walnut Street - Photo 7](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f4042584263r.jpg) ![220 S Walnut Street - Photo 8](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2020572642r.jpg) ![220 S Walnut Street - Photo 9](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f524815445r.jpg) ![220 S Walnut Street - Photo 10](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2230019223r.jpg) ![220 S Walnut Street - Photo 11](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f983845283r.jpg) ![220 S Walnut Street - Photo 12](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3370073738r.jpg) ![220 S Walnut Street - Photo 13](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f890340637r.jpg) ![220 S Walnut Street - Photo 14](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f279507555r.jpg) ![220 S Walnut Street - Photo 15](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f913312806r.jpg) ![220 S Walnut Street - Photo 16](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2162076860r.jpg) ![220 S Walnut Street - Photo 17](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2737347844r.jpg) ![220 S Walnut Street - Photo 18](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3724552927r.jpg) ![220 S Walnut Street - Photo 19](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3051249280r.jpg) ![220 S Walnut Street - Photo 20](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f148323462r.jpg) ![220 S Walnut Street - Photo 21](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2364461075r.jpg) ![220 S Walnut Street - Photo 22](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1960929133r.jpg) ![220 S Walnut Street - Photo 23](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3951908862r.jpg) ![220 S Walnut Street - Photo 24](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f665009863r.jpg) ![220 S Walnut Street - Photo 25](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3931641251r.jpg) ![220 S Walnut Street - Photo 26](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1733444040r.jpg) ![220 S Walnut Street - Photo 27](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3675789690r.jpg) ![220 S Walnut Street - Photo 28](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1407022081r.jpg) ![220 S Walnut Street - Photo 29](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1313883009r.jpg) ![220 S Walnut Street - Photo 30](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2527539133r.jpg) ![220 S Walnut Street - Photo 31](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3315641331r.jpg) ![220 S Walnut Street - Photo 32](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3608378112r.jpg) ![220 S Walnut Street - Photo 33](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f951559170r.jpg) ![220 S Walnut Street - Photo 34](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1682523831r.jpg) ![220 S Walnut Street - Photo 35](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2787747611r.jpg) ![220 S Walnut Street - Photo 36](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1810221531r.jpg) ![220 S Walnut Street - Photo 37](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f3088194649r.jpg) ![220 S Walnut Street - Photo 38](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f1588680638r.jpg) ![220 S Walnut Street - Photo 39](http://lh.rdcpix.com/20a9c06aac1e3278d7e913b6b102bc85l-f2352819317r.jpg) --- **MLS#:** 202639277 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/220-s-walnut-street-muncie-in-47305-48f768bf501c4556bfb445613dbd06e0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/220-s-walnut-street-muncie-in-47305-48f768bf501c4556bfb445613dbd06e0#listing", "url": "https://staging.propertysimple.ai/listing/220-s-walnut-street-muncie-in-47305-48f768bf501c4556bfb445613dbd06e0", "name": "220 S Walnut Street, Muncie, IN 47305", "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. 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