Located in the heart of the downtown Muncie district on it's busiest most popular street, this fully remodeled building is ready for a new owner. Every inch of this historic building has been remodeled into a fantastic commercial rental space on the main floor and a luxurious 2 bed, 1.5 bath apartment on the 2nd floor (with office space on the main floor). The apartment also features a fantastic and rare 20x10 rooftop deck! The apartment virtual tour is now live and the listing agent also has a virtual tour available upon request for the first floor commercial space. The tenant pays $2,060/month through April 2026, then has the option to renew the 5-year lease for $2,250/month. The tenant is a multi-billion dollar insurance conglomerate. The apartment features 12 foot ceilings, Richard's Kitchen and Bath custom kitchen with a huge double island and large bath with double shower heads and soaking tub. You'll love the repurposing of the old dumbwaiter that is a focal point of the wet bar (with refrigerator, ice maker, and sink). Remodel details throughout were not overlooked. Custom built-ins are throughout the property. Permitted parking is located immediately outside the entry door in the public parking lot and the city trash is just outside the door in a private area. The apartment could easily be a fastastic high-end AirBnb or executive long-term rental. What's included: all high-end appliances (Italian Ilve stove - gas top, electric oven), custom Fisher Paykel refrigerator, including the 2nd refrigerator, microwave drawer, stacked washer/dryer, living room TV and soundbar, main bedroom TV, all kitchen bar stools, and the Simplisafe security system. Note: the mirror in the half bath is not included with the property. Note, the residential part of this building is 2,982 SF, and the commercial space is 1,659 SF). This is 64% residential and 36% commercial. The leased first floor requires 24 hrs notice to show.
Off market
$563,200
114 S Walnut St #100, Muncie, IN 47305
2beds
4,641sqft
Single Family Residence
Built in 1890
4,356 Square Feet Lot
$563,200 Zestimate®
$121/sqft
$-- Estimated rent
What's special
Zillow last checked: August 26, 2025 at 12:00am
Source: Coldwell Banker Real Estate Group,MLS#: 202514498

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Interior area
- Total structure area: 4,641
- Total interior livable area: 4,641 sqft
Property
Lot
- Size: 4,356 sqft
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Other
Condition
- Year built: 1890
Community & neighborhood
Location
- Region: Muncie
- Subdivision: Center