Historic Property for sale

Special Purpose for Sale
Catylist Listing ID: 30811691
Building Status: Proposed
Building Size (RSF): 8,375 SF
Gross Land Area: 0.17 Acres
Sale Price: $125,000
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,375 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2022

Overview / Comments

Lots of potential uses. Lots of square footage for the price. Was originally a church for many many years. Consists of a 2 story 3 bedroom apartment at the rear of the building which has a gas hot water heating system that's not functional. The rest of the building is largely open space with high beamed cathedral ceilings and stain glass windows in part of the large original sanctuary area on the main level, a 13' x 35' 2nd story mezzanine and a large foyer, restroom and a full basement that consist of a huge open room, restroom, shower room, mechanical room and two storage rooms. 90+ gas furnace and central air which services the original building. New roof just installed in the last few months. Buyer must agree to the protective covenants to maintain the overall historic appearance of the exterior.

Additional Details

Nearest MSA: Wabash
County: Wabash
Taxing Authority: Wabash City
Tax ID/APN: 85-14-40-402-069.000-009
Property Located Between: Wabash City
Property Visibility: Fair
Largest Nearby Street: Carroll St
Highway Access: St Rd 15 (Cass St) is 1 block east.
Airports: Wabash Municipal Airport . Ft Wayne International 45 minutes
Site Description: Corner lot with frontage on the front and west sides and alley on the rear.
Area Description: The property is locate din a older residential neighborhood just a few blocks north of downtown Wabash.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,600 SF
Property Condition: Average
Year Built: 1883
Construction/Siding: Brick
Exterior Description: Brick exterior. Stain glass windows, New 30 year dimensional shingle roof installed in 2022.
Parking Type: Surface
Parking Description: Small parking lot with about 8 spaces plus several on street parking spaces.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Interior Description: Large foyer, large open sanctuary with high beamed ceilings. Full basement area. 2 story with basement area for Living area or offices potentially in the rear section of the building.
Zoning Description: R-2 Residential use
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Normal utility easements
Land Ownership: Fee simple
Legal Description: E & H Lots 24 & 25

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,375 10,845 13,361
Median Age: 40.28 41 42.02
Households: 2,685 4,547 5,543
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