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: |
$41.47 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
6,028 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/14/2023 |
Overview / Comments
|
Don't miss out on this incredible opportunity to shape your ideal business space in the heart of downtown Wabash. This enticing 3-story building boasts a prime location, placing you within close proximity to all downtown amenities. Immaculately maintained, the exterior has undergone extensive renovations, including the removal of the old roof, replacement with new roof decking and a rubber roof in 2008. In June 2023, a Bilco roof hatch was installed, complemented by a new rubber roof on the main structure. The built-in garage area approximate 18' x 24' features a new overhead door, new concrete floor, 15-year-old roof. Enhancements to the exterior also include Tuckpointing, repainting, and the addition of a new window hood on the front. All windows and exterior doors are brand new. The interior has been thoughtfully redesigned, with the previous basement replaced by a new concrete slab floor. The plumbing has been upgraded to accommodate two bathrooms, with one already partially installed at the rear of the main level. The interior is currently framed on all three levels, awaiting your personal touch for layout and finishes. A new 3-story stairway enhances accessibility, while the newly installed 200 amp electric service ensures modern functionality. The building has been extended by 3' at the rear, providing ample space for an expanded garage with alley access. Additional features of the main level include two framed offices, one of which is nearly finished, as well as storage areas, a break room, and bathroom facilities.
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Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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