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    615 Manchester Ave Wabash, IN 46992

    For Sale
    $149,500

    Spacious Office, Updated, Corner Lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 960-square-foot commercial building is ideally situated on a 0.24-acre corner lot in Wabash, Indiana, at 615 Manchester Avenue. Previously occupied by Edward Jones for 15 years, this single-level property offers a versatile layout perfect for a variety of office uses. The building boasts an extra-large reception/waiting area, two private offices providing ample space for individual work or client meetings, a bathroom, a utility room, and a storage room housing the furnace. Recent renovations (completed two years ago) have significantly enhanced the property's appeal, encompassing interior and exterior painting, new vinyl flooring throughout, updated lighting, and landscaping improvements. The property also includes a convenient off-street parking lot with access from Manchester Avenue and an exit onto Michigan Street. Further upgrades include a newer metal roof, attic insulation, and a recently serviced furnace. The bathroom has also been recently updated. This turnkey opportunity presents a rare chance to acquire a well-maintained, updated commercial space in a desirable location. The building's size, amenities, and prime location make it an attractive investment for businesses seeking a comfortable and functional workspace. The property's excellent condition and recent improvements minimize the need for immediate capital expenditures, allowing for a smooth transition and immediate occupancy.

    Property Features for 615 Manchester Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1969
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GCA Title Title Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wabash
    County
    Wabash
    State
    Indiana
    Longitude
    -85.81187
    Latitude
    40.81223

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Office, Updated, Corner Lot
    Where is this commercial real estate located?
    The property is located at 615 Manchester Ave Wabash, IN.
    What is the asking price?
    The asking price for this property is $149,500.
    (260) 563-5485
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    615 Manchester Ave Wabash, IN 46992
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    Wabash, IN 46992
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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
    615 Manchester Ave Wabash, IN 46992
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