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Historic Creative Space with Parking
For Sale
$178,000

607 E Charles Street, Muncie, IN 47305

INVESTMENT, Two Story, Muncie, IN

Property Size4,170 SF
Lot Size0.32 Acres
Price / SF$42.69
Days on Market19

Property Features for 607 E Charles Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi
Bedrooms 6
Bathrooms 1
Half bathrooms 1
Rooms Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 5, Bedroom 6, Bedroom 1
Parking 20
Basement Block
Lot features Corner, 0-2.9999
Elementary school East Washington Academy
Middle school Northside
High school Central
Elementary school district Muncie Community Schools
Middle school district Muncie Community Schools
High school district Muncie Community Schools
Directions Madison South to Charles east to SEC Charles and Monroe
Subdivision Delaware County
Standard status Active
APN 18-11-15-135-001.000-003
Size 4,170 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 0
Tax Description WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010
Tax Annual Amount 1500
Legal Description WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010

Utilities

Cooling system Central Air

Amenities

off-street parking
decorative fencing

Building Details

Year built 1855
Floors in Building 2
Number of units 1
Flooring type Carpet, Tile
Architectural style Other
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Added: Aug 11 Changed: Aug 25 Last Checked: Aug 29 at 11:06AM
MLS# 202632644

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.

Built in 1855, this historic creative space contains 4,170 square feet across multiple levels and is configured with large rooms and flexible interior areas. Carpet and tile flooring, central air, and substantial improvements contribute to the existing building infrastructure while preserving period character. The property includes two parcels, with the second providing an asphalt parking area enclosed by decorative fencing.

Situated in Muncie's Emily Kimbrough historic area, the property is surrounded by recognizable historic homes and positioned near downtown, the Madison Street corridor, restaurants, businesses, entertainment, and central-city redevelopment. The building has been identified for potential owner-user, investor, nonprofit, creative business, professional office, studio, retail, and redevelopment applications.

Key Highlights

  • 4,170 SF historic structure built in 1855
  • Two parcels included with dedicated off‑street parking
  • Second parcel features an asphalt parking area with decorative fencing

Property Analytics

Current Use

Bargain Box Discount Store

Suggested Use

Top Pick Dental Office Cafe & Coffee Shop Parking Lot & Garage Food Market Big Box & Wholesale Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

1,121
Businesses Nearby

Demographics for 47305, IN

3,629
Population
2,512
Households
1.4
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
1.3 sq mi
ZIP Area
2,792
Density / Sq Mi
$33,125
Median Household Income
$30,648
Median Earnings
$744
Median Rent
$77,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Flexible historic property with multiple levels, two parcels, and dedicated asphalt parking near downtown Muncie.
Where is this creative space located?
The property is located at 607 E Charles Street Muncie, IN.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: 4,170 SF historic structure built in 1855; Two parcels included with dedicated off‑street parking; Second parcel features an asphalt parking area with decorative fencing
More about this property
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