Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Indiana State Title is generated by Realmo AI

    2550-2720 Wabash Ave, Terre Haute, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail units suitable for various businesses near Indiana State University.

    Type:RETAIL
    Property size:
    6,937 SF
    Lot size:
    12.44 Acres
    Added:
    Apr 25, 2023
    Days on Market:
    1137
    Last Refresh:
    May 20 at 8:39 pm

    Property Features for 2550-2720 Wabash Ave

    General Information

    Standard status
    Active
    Size
    6,937 SF
    Lot size
    12.44 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2550-2720 Wabash Ave Contact us

    We can help!

    Listing Contact
    Andrew Hasbrook
    Andrew Hasbrook

    Listing agent Andrew Hasbrook

    Listing office Sandor/Sand Capital - Corporate

    Listing date Apr 25, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital - Corporate

    HighLights

    • Anchored by recently remodeled Kroger
    • High daily traffic counts: 11,352 on Wabash Avenue and 9,233 on 25th Street
    • Five minutes from Indiana State University (17,000 students)
    • Five minutes from Rose‑Hulman Institute of Technology (2,100 students)
    • Various units perfect for many uses: retail, restaurant, professional office, hair salon, bank, etc.
    • Suitable for retail, restaurant, professional office, hair salon, or bank

    Overview

    This retail property is anchored by a recently remodeled Kroger. Various units are available, suitable for retail, restaurant, professional office, hair salon, and bank uses. The property is located five minutes from Indiana State University, which has 17,000 students, and Rose-Hulman Institute of Technology, which has 2,100 students. Daily traffic counts are 11,352 on Wabash Avenue and 9,233 on 25th Street. The property offers retail space with a size of 6,937 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Meadows Shopping Center — 2800 Poplar St, Terre Haute, IN 47803
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 2650 Wabash Ave, Terre Haute, IN 47803
    • Coin Cloud Bitcoin ATM — 2900 Poplar St, Terre Haute, IN 47803

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.3786
    Latitude
    39.4726

    Nearby Similar for Lease

    • $18 SF/Yr
      10,781 SF

      Terre Haute Commercial Lease Space

      Variety of lease spaces available in a trusted location.
      501 E Hospital Lane, Terre Haute, IN 47802
      View Details
    • $1,500/Mo
      2,430 SF

      Retail or Office Space Available

      2,430 sq ft retail/office space in active shopping center.
      3175 S 3rd Street Place, Terre Haute, IN 47802
      View Details
    • $1,700/Mo
      2,500 SF

      Historic Deming Building Office Space

      Modern office space with amenities in historic Deming building.
      619 Cherry Street, Terre Haute, IN 47808
      View Details
    • $3,904/Mo
      15,616 SF

      Terre Haute Commercial Space

      15,616 Sq. Ft. commercial space centrally located.
      145 Voorhees Street, Terre Haute, IN 47802
      View Details
    • $1,200/Mo

      Remodeled Retail or Office Space

      Remodeled retail or office space available for lease.
      2610 S 7th Street, Terre Haute, IN 47802
      View Details
    • $3,000/Mo

      Commercial Warehouse Building For Lease

      Well-maintained commercial warehouse with convenient access and versatile use.
      1430 E Springhill Drive, Terre Haute, IN 47802
      View Details
    • $6,688/Mo

      Remodeled Downtown Office Spaces

      Remodeled office spaces in prime downtown location for lease.
      635 Ohio Street, Terre Haute, IN 47807
      View Details
    • $17 SF/Yr

      Premier Office Space in Terre Haute

      Highly visible office space in downtown Terre Haute for rent.
      401-403 Wabash Avenue, Terre Haute, IN 47807
      View Details
    • $1,400/Mo

      Remodeled Commercial Space For Rent

      Remodeled commercial space suitable for salon, office, retail, or service.
      2022 Wabash, Terre Haute, IN 47807
      View Details
    • $1,400/Mo

      Office Space For Rent

      Commercial office space available for rent in Terre Haute.
      60 N Brown Avenue, Terre Haute, IN 47803
      View Details
    • $11 SF/Yr

      Prime Retail/Office/Medical Space Available

      Located in the heart of Terre Haute's business and retail area.
      500 W Honey Creek Drive, Terre Haute, IN 47802
      View Details
    • $16 SF/Yr
      2,634 SF

      Retail Space in Express Plaza

      Retail space available in high-traffic Terre Haute location.
      4400 S 7th Street, Terre Haute, IN 47802
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail units suitable for various businesses near Indiana State University.
    Where is this shopping center located?
    The property is located at 2550-2720 Wabash Ave Terre Haute, IN.
    What are key features of this property?
    This property features: Anchored by recently remodeled Kroger; High daily traffic counts: 11,352 on Wabash Avenue and 9,233 on 25th Street; Five minutes from Indiana State University (17,000 students)
    (877) 925-9011 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Hasbrook
    Andrew Hasbrook
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2550-2720 Wabash Ave, Terre Haute, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!