Downtown Wabash Building
Retail-Commercial
for Sale
| Catylist Listing ID: |
30840437 |
| Property Subtypes: |
Restaurant, Street Retail, Other
|
| Building Size (RSF): |
11,220 SF
|
| Gross Land Area: |
3,354 SF
|
| Sale Price: |
$250,000 |
| Unit Price: |
$22.28 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
11,220 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/3/2023 |
Overview / Comments
|
Located at the central point of Wabash commerce: Wabash Street & West Market St. 178 S Wabash is on the National Register of Historical Places. Architectural style: Second Empire. Whether you are visitor or a life-long resident of Wabash this building is always head-turner, admired in photographs, and often the focal point for photographers and artists. Over 11,000 sq ft of space and is 4 stories tall. The 5th story is basically an attic area with no functional use. 1st level& 2nd level are finished and previously utilized as a bakery. The (west side) was last used as a beauty salon, now vacant and could easily be opened up again and utilized as one larger space. 3rd level has office space and storage areas. 4th level needs remodeling but has so much potential to be even more usable space! 3Restrooms. Kitchen with appliances and furnishings negotiable. Beauty salon was rented for $800/month including utilities. 3rd level has plumbing and bathroom fixtures but is not in use and the current owner has never utilized the plumbing on 3rd floor and above.
|
Additional Details
| Nearest MSA: |
Wabash |
| County: |
Wabash |
| Taxing Authority: |
Wabash City |
| Tax ID/APN: |
85-14-11-304-158.000-009 |
| Zoning: |
HD- HISTORIC DOWNTOWN |
| Retail Clientele: |
General, Business, Tourist |
| Property Located Between: |
Wabash St and Miami St. Best downtown location in Wabash |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Wabash St |
| Highway Access: |
State Road 13 which is also Wabash St. |
| Airports: |
Wabash Municipal Airport . Ft Wayne International 45 minutes |
| Site Description: |
Typical zero lot line downtown lot |
| Area Description: |
Located in downtown Wabash's Historic District. Close to everything and great visibility and high traffic count. Anyone coming through Wabash drives right past this beautiful building |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
3,157 SF |
| Property Condition: |
Average |
| Year Built: |
1876 |
| Construction/Siding: |
Brick |
| Exterior Description: |
Large Historic Brick building with great exterior appeal. |
| Parking Type: |
Surface |
| Parking Description: |
Street parking as well as a city lot 1/2 block west. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, Fiber Optic |
| Interior Description: |
The main level was recently a bakery on the east side with a second level which is open and very attractive and a beauty shop on the west side. Both are currently vacant. The second level has some finish but not used currently and the third level is mainly open and unused area |
| Zoning Description: |
Historic Downtown |
| Lot Frontage: |
41 |
| Lot Depth: |
77 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
Normal utility easements |
| Land Ownership: |
Fee simple |
| Legal Description: |
OP SE 77x41 LOT 77 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,431 |
10,845 |
14,617 |
| Median Age: |
39.81 |
41 |
42.26 |
| Households: |
2,284 |
4,547 |
6,019 |
|
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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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