114 S Walnut Street, IN 47305

Property Description

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 2 office spaces 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 for 2 more years at for $2,250/month. They expect to renew after that. 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.