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    1605 Wabash Ave Terre Haute, IN 47807

    For Sale
    $1,008,000

    Office - Terre Haute, IN

    Type:Office
    Days on Market:
    235
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1605 Wabash Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Interior features
    440 Volts

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    Remax Real Estate Associates (812) 235-4433 [email protected]

    Listing agent DAVE CASH (812) 235-4433 License #RB14017104

    Listing date Apr 23, 2025

    MLS# 106119 Listing URL

    Copyright © 2025 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Terre Haute Office Investment Property

    This office property, formerly the Spectrum Operation Center, is located on Wabash Avenue in Terre Haute, Indiana, and is surrounded by various retail establishments and restaurants. The property is currently under a NNN lease with two years remaining. The lease includes two 5-year options with a 2% annual increase. The tenant upgraded the interior in 2020. The property generates a Net Operating Income (NOI) of $90,700 with a 9% cap rate. Two additional lots to the south of the building provide extra parking.
    Location Intelligence

    Current Use by Public Records

    Spectrum Store Internet Service Provider

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.39141
    Latitude
    39.46848

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    FAQs

    What type of property is this?
    Office building - NNN leased office building with income and future options.
    Where is this office building located?
    The property is located at 1605 Wabash Ave Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $1,008,000.
    What are key features of this property?
    This property features: - High 9% Cap Rate; - $90,700 Net Operating Income (NOI); - NNN Lease Structure
    (812) 235-4433
    Request Owner's contact information
    1605 Wabash Ave Terre Haute, IN 47807
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1605 Wabash Ave Terre Haute, IN 47807
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