Downtown Wabash Building

Retail-Commercial for Sale
Catylist Listing ID: 30850213
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 6,028 SF
Gross Land Area: 0.06 Acres
Sale Price: $250,000
Unit Price: $41.47 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 6,028 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2023

Overview / Comments

Don't miss out on this incredible opportunity to shape your ideal business space in the heart of downtown Wabash. This enticing 3-story building boasts a prime location, placing you within close proximity to all downtown amenities. Immaculately maintained, the exterior has undergone extensive renovations, including the removal of the old roof, replacement with new roof decking and a rubber roof in 2008. In June 2023, a Bilco roof hatch was installed, complemented by a new rubber roof on the main structure. The built-in garage area approximate 18' x 24' features a new overhead door, new concrete floor, 15-year-old roof. Enhancements to the exterior also include Tuckpointing, repainting, and the addition of a new window hood on the front. All windows and exterior doors are brand new. The interior has been thoughtfully redesigned, with the previous basement replaced by a new concrete slab floor. The plumbing has been upgraded to accommodate two bathrooms, with one already partially installed at the rear of the main level. The interior is currently framed on all three levels, awaiting your personal touch for layout and finishes. A new 3-story stairway enhances accessibility, while the newly installed 200 amp electric service ensures modern functionality. The building has been extended by 3' at the rear, providing ample space for an expanded garage with alley access. Additional features of the main level include two framed offices, one of which is nearly finished, as well as storage areas, a break room, and bathroom facilities.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $625.78 (Annual)
Tax Value Land $6,600
Tax Value Improvements $18,500
Assessed Value - Total($) $25,100 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $618.96 (Annual)
Tax Value Land $6,600
Tax Value Improvements $20,500
Assessed Value - Total($) $27,100 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $553.24 (Annual)
Tax Value Land $6,600
Tax Value Improvements $18,800
Assessed Value - Total($) $25,400 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $522.04 (Annual)
Tax Value Land $6,600
Tax Value Improvements $18,800
Assessed Value - Total($) $25,400 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $634.02 (Annual)
Tax Value Land $6,600
Tax Value Improvements $18,800
Assessed Value - Total($) $25,400 (Annual)

Additional Details

Nearest MSA: Wabash
County: Wabash
Taxing Authority: Wabash City
Tax ID/APN: 85-14-11-304-150.000-009
Zoning: HD- HISTORIC DOWNTOWN
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Miami St or Wabash St
Highway Access: Wabash Street which is St Rd 13 or Cass St which is St Rd 15 both within 2 blocks
Airports: Wabash Municipal Airport . Ft Wayne International 45 minutes
Site Description: Small downtown zero lot line 22' wide.
Area Description: Located in the vibrant downtown district of the small city of Wabash. Close to all the main attractions.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1900
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick 3 story building with exterior in excellent condition.
Parking Type: Surface
Parking Description: On street parking. City parking nearby plus a 18' x 24' built-in garage off the alley
Sprinklers: None
Heat Type: Other
Heat Source: Other
Internet Access: Cable, DSL, Fiber Optic
Interior Description: The interior was gutted to bare studs and framed in and ready for your preferred layout and finishes.
Zoning Description: Historic Downtown
Lot Frontage: 22'
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None known
Land Ownership: Fee simple
Legal Description: OP W 22' EXC W 9" LOT 80

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,431 10,845 13,361
Median Age: 39.81 41 42.02
Households: 2,284 4,547 5,543
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