Historic Mixed-Use Retail
For Sale
$178,000
607 Charles Street, Muncie, IN 47305
Historic property with retail-ready first floor and residential use on the second floor, recently improved with substantial updates.
Property Size4,170 SF
Price / SF$42.69
Days on Market276
Property Features for 607 Charles Street
General Information
Standard status
Active
Size
4,170 SF
Property subtype
Retail
Zoning
R5
Amenities
Central Air
3
Asphalt.
Building Details
Year Built
1855
Stories
2
Listing Agency:
Coldwell Banker Real Estate Group
(317) 701-5006
Listed By:
Steve Slavin · License #RB14045844
(317) 701-5006
Source:
Xome
Added: Nov 8, 2025
Changed: Aug 7
Last Checked: Aug 11 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This historic property has been meticulously maintained and updated in recent years, with over $200,000 in improvements added during the last few years. The building is configured for mixed use, with retail use possible and residential space on the second floor. There is also potential to convert the property for multi-family or short-term rental use, based on the layout described in the offering materials.
The property is located in the east central neighborhood of Muncie. It is currently zoned R5 (Multi-Family) and has been used as a retail store for a number of years, with prior use as a nursery. The surrounding area includes businesses zoned around the property.
As presented, the first floor can support retail use, while the second floor is set up for residential living, offering flexibility for an owner-operator or an investor seeking to use the building in multiple ways.
The property is located in the east central neighborhood of Muncie. It is currently zoned R5 (Multi-Family) and has been used as a retail store for a number of years, with prior use as a nursery. The surrounding area includes businesses zoned around the property.
As presented, the first floor can support retail use, while the second floor is set up for residential living, offering flexibility for an owner-operator or an investor seeking to use the building in multiple ways.
Key Highlights
- Historic property built in 1855
- $200,000+ of improvements added in recent years
- Central air cooling
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic property with retail-ready first floor and residential use on the second floor, recently improved with substantial updates.
Where is this mixed-use property located?
The property is located at 607 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: Historic property built in 1855; $200,000+ of improvements added in recent years; Central air cooling
