Medical / Office Building

1025 Manchester Ave, Wabash, Indiana 46992

  • Property Subtypes Office Building , Medical
  • Building Size (RSF) 8,906 SF
  • Gross Building Area 8,906 SF
  • Building Status Vacant/Owner-User
  • Sale Price $275,000.00 Total
  • Unit Price $30.88 per SF
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 2.48 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 1/15/2020
  • Days on Market 514 Days
  • Status sold

Overview / Comments

Great North Side location !!! Large office building approximately 6,322 sq ft on the main level with around 2,584 sq ft semi finished walkout basement area. 23 private offices/exam rooms, some with small sinks and cabinets, 4 restrooms, large waiting room with reception area. Conference room. Large open work area was the nurses station. Lots of file storage. X-ray equipment has been removed from the x-ray room but would make a good multi purpose work room. Exterior is mostly maintenance free with brick and aluminum on 3 sides and some exposed painted block on the back lower level. Commercial grade thermal pane windows and exterior doors. 4 gas furnaces and central air units which have been well maintained. Some rooms were recently completely remodeled. 400 amp 240 volt power. Sign near the highway will remain. Ingress/egress easement to the adjoining property (apartment building) along the subject's north line. Drainage easement to the private pond. Parking lot was repaved 2 years ago. Previously used as a Medical Office.

Agent Notes

key in office. Listing agent will unlock for showings.

Additional Details

  • Tax ID/APN 85-14-0-1300-035.000-008
  • Zoning GB General Business
  • Property Visibility Good
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1965
  • Year Renovated 2000
  • Tax Auth City of Wabash
  • Land Ownership Fee Simple
  • Easements Description There is an ingress/egress easement along the north line for access to the adjoining property. There is also a drainage easement in front of the pond. Survey on file.
  • Legal Description PT N SIDE SW 1-27-6
  • Zoning Description General Business use

Transaction Details

  • Closing Date 12/30/2019
  • Price $250,000.00