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Executive Summary

Distinctive downtown Italian-style 3-story building fully remodeled and near full occupancy. With over 18,000 s.f. of leasable space, this building stands out as one of Muncie's finest historical buildings with an original construction date of 1880. Newly established River Front District allows for a discounted Liquor License. ( approx $1,000 per year).
NDA required for Proforma and additional Sales Information.
First Floor Retail and Restaurants. Second and Third Floor is office including a Ball Room for Events!

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,636 SF
Building Class
B
Year Built
1880
Price
$1,325,000
Price Per SF
$61.24
Cap Rate
9.63%
NOI
$127,598
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,212 SF
Building FAR
2.76
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CB Central Business Zone - Central Business

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 112
  • 2,242 SF
  • Restaurant
  • Full Build-Out
  • Apr 2026

Formerly Little Chicago's restaurant. Full restaurant buildout including hood system, convection ovens, stove/oven combos, 3-compartment sink, handwash sink and mop sink, stainless prep tables, walk-in cooler. Has dining area and 2 restrooms.

  • 2nd Fl-Ste 208-212
  • 3,617 SF
  • Office
  • Full Build-Out
  • Apr 2026

Fully renovated Patterson Block building located in downtown Muncie. This second-floor suite features gorgeous pocket doors and can be divided into smaller suites. Reasonably priced at $10/SF plus $1/SF for CAM. Building features include central air conditioning and heating, elevator access, Wi-Fi and handicap accessible restrooms.

Space Size Space Use Condition Available
1st Fl-Ste 112 2,242 SF Restaurant Full Build-Out Apr 2026
2nd Fl-Ste 208-212 3,617 SF Office Full Build-Out Apr 2026

1st Fl-Ste 112

Size
2,242 SF
Space Use
Restaurant
Condition
Full Build-Out
Available
Apr 2026

2nd Fl-Ste 208-212

Size
3,617 SF
Space Use
Office
Condition
Full Build-Out
Available
Apr 2026

1st Fl-Ste 112

Size 2,242 SF
Space Use Restaurant
Condition Full Build-Out
Available Apr 2026

Formerly Little Chicago's restaurant. Full restaurant buildout including hood system, convection ovens, stove/oven combos, 3-compartment sink, handwash sink and mop sink, stainless prep tables, walk-in cooler. Has dining area and 2 restrooms.

2nd Fl-Ste 208-212

Size 3,617 SF
Space Use Office
Condition Full Build-Out
Available Apr 2026

Fully renovated Patterson Block building located in downtown Muncie. This second-floor suite features gorgeous pocket doors and can be divided into smaller suites. Reasonably priced at $10/SF plus $1/SF for CAM. Building features include central air conditioning and heating, elevator access, Wi-Fi and handicap accessible restrooms.

Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
18-11-10-363-001.000-003
Land Assessment
$65,100
Improvements Assessment
$981,600
Total Assessment
$1,046,700
  • Listing ID: 39271165

  • Date on Market: 1/30/2026

  • Last Updated:

  • Address: 108 S Walnut St, Muncie, IN 47305

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