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    607 E Charles St Muncie, IN 47305

    For Sale
    $249,000

    Retail - Muncie, IN

    Type:Retail
    Lot size:
    0.36 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 607 E Charles St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Zoned R5 Adjoining BV and II
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    18-11-15-135-001.000-003
    Parking
    10
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Other, Basement
    Exterior features
    Fence, Basement
    Fencing
    Fenced
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Expense value
    324
    Expense
    Other

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1855
    Floors in Building
    2
    Flooring type
    Carpet, Laminate, Tile, Vinyl
    Building materials
    Block, Brick
    Roof type
    Asphalt, Rubber, Shingle
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Nov 4, 2025

    MLS# 202544753 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Retail Property in Muncie

    This historic property, located in the east central neighborhood of Muncie, has been meticulously maintained and updated in recent years, with over $200,000 of improvements added. The property is ready to be used again for retail purposes or converted into multi-family, Air BNB, VRBO, or mixed-use, with residential space on the second floor and retail, office, or studio space on the first floor. The property is currently zoned R5 (Multi-Family), but it has been used as a retail store for a number of years and, prior to that, as a nursery. The property is situated on a 0.36-acre lot. Business zoning surrounds the property. The property is located in Delaware County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bargain Box Thrift Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Miller's Flower Shop

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.380336
    Latitude
    40.190786

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    FAQs

    What type of property is this?
    Storefront property - Meticulously maintained historic property suitable for retail or multifamily use.
    Where is this storefront property located?
    The property is located at 607 E Charles St Muncie, IN.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Over $200,000 in recent improvements.; - Zoned R5 (Multi-Family) with potential for retail, office, studio, Air BNB/VRBO, or mixed-use development.; - Historic property in Muncie's east central neighborhood.
    (765) 289-2228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    607 E Charles St Muncie, IN 47305
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