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    Property profile & analytics

    120 Charles St Muncie, IN 47305-2419

    • Office Properties & Spaces
    • 22,680 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 29, 2023
    Location Intelligence
    Property ID
    US31-1569100
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Muncie Downtown Development Partnership / Event Planner / Economic Development Agency
    • Muncie Home Center / Housing Association
    • Muncie Home Ownership / Housing Development

    Property Details for 120 Charles St

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.36 lot acres
    Property size
    22,680 SF
    Property type
    Office Properties & Spaces
    APN
    18-11-16-233-006.000-003
    APU
    181116233006000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3874
    Latitude
    40.1914
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,516
    $137,800
    $1,157,800
    $1,295,600
    -
    $137,800
    $1,157,800
    $1,295,600

    Comparable in this City

    • Value Estimation by Request
      14,998 SF

      401 Walnut St

      Office Properties & Spaces • 14,998 SF
      401 Walnut St, Muncie, IN 47305
      View Details
    • Value Estimation by Request
      39,080 SF

      115 Walnut St

      OFFICE (GENERAL) • 39,080 SF
      115 Walnut St, Muncie, IN 47305-2811
      View Details
    • Value Estimation by Request
      11,232 SF

      624 Walnut St

      OFFICE (GENERAL) • 11,232 SF
      624 Walnut St, Muncie, IN 47305
      View Details
    • Value Estimation
      $345,000
      5,704 SF

      201 High St

      OFFICE (GENERAL) • 5,704 SF
      201 High St, Muncie, IN 47305-1617
      View Details
    • Value Estimation
      $370,000
      19,844 SF

      225 High St

      OFFICE (GENERAL) • 19,844 SF
      225 High St, Muncie, IN 47305-1647
      View Details
    • Value Estimation
      $320,000
      1,920 SF

      316 Howard St

      OFFICE (GENERAL) • 1,920 SF
      316 Howard St, Muncie, IN 47305-2332
      View Details

    Similar Nearby for Sale

    • $1,200,000
      98,446 SF

      98,446 SF Downtown Muncie Indiana Office or Redevelopment Opportunity

      98,446 SF Downtown Muncie Indiana Office or Redevelopment Opportunity
      110 E Charles Street, Muncie, IN 47305
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    • $1,100,000
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      Downtown Muncie Office Opportunity

      Two buildings in revitalized downtown Muncie near amenities.
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    • $725,000

      Muncie Office Building For Sale

      Office building with tenant in place, Muncie, Indiana.
      104 E Main St, Muncie, IN 47305
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    • $88,900
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      Muncie Duplex with Basement Potential

      Muncie duplex with basement, offering potential for additional units.
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      Muncie Duplex Near Amenities

      Duplex near Central High School, YMCA, Downtown, Ivy Tech.
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    Similar Nearby for Lease

    • $290 SF/Yr
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      Downtown Muncie Office/Artist Suites

      Office/artist suites for rent in historic downtown Muncie building.
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    • $14 SF/Yr
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      Muncie Office Space Available

      Office spaces available for rent in Muncie, Indiana.
      108 S Walnut St, Muncie, IN 47305
      View Details
    • Contact for pricing
      1,416 SF

      Muncie Office Space Available

      1416 square feet of office space for rent.
      225 N High St, Muncie, IN 47305
      View Details
    • New
      $14 SF/Yr
      41,352 SF

      Downtown Muncie Office Space Available

      Professional office space in a prime downtown location.
      400 N High St, Muncie, IN 47305
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    • $10,580 /Mo
      7,148 SF

      Executive Office Building For Rent

      Class A executive office building with executive offices available for rent.
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    • $3,000 /Mo
      5,400 SF

      Retail Space in Muncie, Indiana

      5,400 SF retail space available for lease.
      3304 N Madison St, Muncie, IN 47305
      View Details
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    120 Charles St
    Muncie, IN 47305-2419
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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
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