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Retail Space with Salon Buildout
For Sale
$239,900

201 E Centennial Avenue, Muncie, IN 47303

COMMERCIAL, Muncie, IN

Property SizeContact for details
Lot Size0.28 Acres
Days on Market181

Property Features for 201 E Centennial Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Small Detached retail less than 10, 000sf
Parking features Off Street
Lot features City, Near College Campus
Directions Walnut to Centennial then left to property
Subdivision Delaware County
Standard status Active
APN 181103353028000003
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Northview Lot 6 Northview Add E 73 Ft Lot 1 Northview W W HLF Lot 7
Tax Annual Amount 2181
Legal Description Northview Lot 6 Northview Add E 73 Ft Lot 1 Northview W W HLF Lot 7

Utilities

Cooling system Central Air

Amenities

security alarm system
storage shed
exterior sign

Building Details

Year built 1925
Flooring type Vinyl
Roof type Shingle
Listing Agency: RE/MAX Real Estate Groups · RE/MAX International
Listed By: Tina Coons · License #RB14020128
Added: Mar 9 Changed: Aug 26 Last Checked: Sep 5 at 3:06PM
MLS# 202607681

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.

Investment Insights

Based on property information with market context.

This retail property includes a fully built-out salon and the operating business. The layout provides a front reception and retail area, five hair styling stations, two private service rooms, one lash station, two shampoo basins, a dedicated color room, spray tan area, private office, kitchen, bathroom, and laundry area. Professional systems for color mixing, appointment scheduling, client records, retail tracking, and checkout are in place. Inventory and salon equipment are included, while the current salon name does not transfer.

The property is located near Ball State University in Muncie’s Delaware County and includes off-street parking on both sides of the building. Additional improvements include an exterior sign, security alarms serving the interior and exterior, and a storage shed behind the building. The building dates to 1925 and has vinyl flooring, central air, and a shingle roof.

Key Highlights

  • Five hair styling stations, two private service rooms, one lash station, and two shampoo wash basins
  • Dedicated color room, spray tan area, private office, kitchen, bathroom, and laundry area
  • Business, inventory, and salon equipment included with the building

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

303
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
6,324 visits/mo 0.5 miles
BP Shops & Services
4,501 visits/mo 0.5 miles
Family Dollar Shops & Services
3,819 visits/mo 0.2 miles
Pantry Shops & Services
2,161 visits/mo 0.5 miles

Demographics for 47303, IN

24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Established salon property near Ball State University with equipment, inventory, parking, and operational areas included.
Where is this retail space located?
The property is located at 201 E Centennial Avenue Muncie, IN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Five hair styling stations, two private service rooms, one lash station, and two shampoo wash basins; Dedicated color room, spray tan area, private office, kitchen, bathroom, and laundry area; Business, inventory, and salon equipment included with the building
More about this property
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