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Historic Retail Space
For Sale
$178,000

607 E Charles Street, Muncie, IN 47305

COMMERCIAL, Muncie, IN

Property SizeContact for details
Lot Size0.36 Acres
Days on Market298

Property Features for 607 E Charles Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Zoned R5 Adjoining BV and II
Rooms Basement
Parking features Off Street
Lot features City
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
Lot size 0.36 Acres

Taxes and HOA fees

Tax Year 24
Tax Description WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010
Legal Description WOLFE HRS LOTS 7 & 8 0.0000Acres STR: 152010

Utilities

Cooling system Central Air

Building Details

Year built 1855
Flooring type Tile, Laminate, Carpet
Roof type Rubber, Shingle, Asphalt
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License #RB14013784
Added: Nov 4, 2025 Changed: Aug 26 Last Checked: Aug 29 at 2:06PM
MLS# 202544753

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 space occupies a historic structure built in 1855, with more than 4,000 square feet across multiple levels. The interior includes large rooms and adaptable areas, with tile, laminate, and carpet flooring plus central air conditioning. A basement adds to the building’s configuration, while the property’s historic character remains an important part of its identity.

The offering includes two parcels, with the second providing an asphalt parking area enclosed by decorative fencing. The property is located at 607 E Charles Street in Muncie’s Emily Kimbrough historic area, just blocks from downtown and the Madison Street corridor. Restaurants, businesses, entertainment, and central-city redevelopment are located in the surrounding area.

The existing layout and parking support consideration of retail, professional office, studio, nonprofit, creative business, or other owner-user concepts identified for the property.

Key Highlights

  • More than 4,000 square feet in a structure built in 1855
  • Two parcels included with a separate asphalt parking area
  • Dedicated off‑street parking 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
52k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 29% Hotels & Casinos 16%
McDonald's Dining
23,291 visits/mo 0.0 miles
Courtyard Muncie At Horizon Convention Center Hotels & Casinos
8,366 visits/mo 0.4 miles
Rally's Dining
5,247 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
5,212 visits/mo 0.4 miles
STAR Financial Bank Shops & Services
3,063 visits/mo 0.5 miles

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 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 - Multi-level commercial space with flexible rooms, central air, and dedicated off-street parking.
Where is this retail 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: More than 4,000 square feet in a structure built in 1855; Two parcels included with a separate asphalt parking area; Dedicated off‑street parking with decorative fencing
More about this property
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