401-403 Wabash Avenue Terre Haute, IN 47807
New
- Added:
- Mar 25, 2026
- Days on Market:
- 7
- Last Refresh:
- Mar 31 at 3:06 pm
Property Features for 401-403 Wabash Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-9
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 84-06-21-454-001.000-002
- Size
- 2,514 SF
- Lot size
- 0.45 Acres
Building Details
- Floors in Building
- 1
- Architectural style
- Other
Listing agent DAVE CASH License #RB14017104 (812) 243-0930
Listing office REMAX R.E.A. 1000 S Third St., Terre Haute, IN (812) 235-4433
Listing date Mar 25, 2026
MLS# 108905
Listing URL
Copyright © 2026 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
Downtown Terre Haute Investment Opportunity
This three-unit office complex is a prime investment opportunity in downtown Terre Haute. Situated on a corner location at Wabash Avenue and 4th Street, the property offers over 280 feet of frontage and exposure from a signalized intersection. The property is located one block from the Vigo County Courthouse and Indiana State University. The area includes retail stores, restaurants, and professional service providers. The building features floor-to-ceiling windows and high-end finishes. The property has a multi-tenant layout and amenities. Long-term tenants include Morgan Stanley Smith Barney LLC (over 20 years) and State Farm Insurance Agency (nearly 10 years). There is a vacant space of 2,514 square feet available for lease with a base rent of $27,654. The current net operating income is $70,741, with a cap rate of 6.7%. The full lease net operating income is $98,395, with a cap rate of 9.3%. The property is zoned C-9 and has a lot size of 0.45 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Terre Haute
- County
- Vigo
- State
- Indiana
- Longitude
- -87.412349
- Latitude
- 39.466099
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Highly visible, income-producing commercial property in downtown Terre Haute.
Where is this retail space located?
The property is located at 401-403 Wabash Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $1,055,000.
What are key features of this property?
This property features: Prime downtown location at Wabash Avenue and 4th Street, one block from the Vigo County Courthouse and Indiana State University.; High visibility corner location with over 280 feet of frontage and exposure from a signalized intersection.; Income‑producing three‑unit commercial property with long‑term tenants including Morgan Stanley Smith Barney LLC and State Farm Insurance Agency.
