Search
Historic Mixed-Use Building

628 S Walnut Street, Muncie, IN 47302

For Sale
New
$69,000

COMMERCIAL, Muncie, IN

Property SizeContact for details
Lot Size0.05 Acres
Days on Market2

Property Features for 628 S Walnut Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Central Business District
Rooms Basement
Directions Walnut south from Charles Street, property is on the east of Walnut Street north of the Railroad Tracks across from Courtyard by Marriot downtown Hotel.
Subdivision Delaware County
Standard status Active
APN 18-11-15-151-004.000-003
Lot size 0.05 Acres

Additional Details

Property Use Office
Condition Shell

Taxes and HOA fees

Tax Year 2025
Tax Description WDEPOT WSD NWQT 23QT FTX100FT SLE W 0.0500Acres STR: 152010 IN: OUT:
Legal Description WDEPOT WSD NWQT 23QT FTX100FT SLE W 0.0500Acres STR: 152010 IN: OUT:

Amenities

outdoor concrete patio

Building Details

Year built 1890
Flooring type Tile, Wood
Roof type Rubber
Buildings 1
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Brian Allardt · License IN RB14013784
Added: Nov 12 Last Checked: Nov 13 at 11:06PM
MLS# 202646497

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.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Built in 1890, this two-story mixed-use property offers a shell interior with wood and tile flooring, high ceilings, exposed brick, and decorative historic elements. The windows and rubber roof have been updated. An outdoor concrete patio adds exterior space, and the 0.05-acre parcel is positioned for a future configuration suited to the property’s use.

The building is on the south end of downtown Muncie, beside the Norfolk Southern rail line. Canan Commons and the downtown roundabout at Walnut, High and Mulberry are nearby. A city-owned concrete parking area lies north of the building and may be used for parking; the separate lot belonging to T and H Sweeper Shop is not for use.

Key Highlights

  • Two‑story building constructed in 1890
  • 0.05‑acre parcel on the south end of downtown Muncie
  • Updated windows and rubber roof

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Muncie Makes Lab Public University Muncie Diamond Railroad ... Resort

Suggested Use

Top Pick Dental Office Parking Lot & Garage Food Market Cafe & Coffee Shop Furniture & Home Goods Storage Facility

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

1,195
Businesses Nearby
48k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 23% Hotels & Casinos 18%
McDonald's Dining
23,291 visits/mo 0.4 miles
Courtyard Muncie At Horizon Convention Center Hotels & Casinos
8,366 visits/mo 0.0 miles
Rally's Dining
5,247 visits/mo 0.3 miles
Dollar General Shops & Services
5,147 visits/mo 0.5 miles
Merchants Bank Shops & Services
2,949 visits/mo 0.3 miles

Demographics for 47302, IN

25,704
Population
12,625
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
65.2 sq mi
ZIP Area
394
Density / Sq Mi
$47,185
Median Household Income
$31,795
Median Earnings
$865
Median Rent
$70,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - An unfinished interior retains wood floors, tall ceilings, exposed brick and period details.
Where is this mixed-use property located?
The property is located at 628 S Walnut Street Muncie, IN.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Two‑story building constructed in 1890; 0.05‑acre parcel on the south end of downtown Muncie; Updated windows and rubber roof
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Why hide this one?