Office Building with NNN
For Sale
$1,008,000
1605 Wabash Avenue, Terre Haute, IN 47807
Central air and tenant improvements completed in 2020 support the property’s ongoing office configuration.
Property SizeContact for details
Days on Market675
Property Features for 1605 Wabash Avenue
General Information
Standard status
Active
Property subtype
Office
Net Operating Income
$90,700
Additional Details
Cap Rate
9%
Amenities
Central Air
3
120X140
Listing Agency:
REMAX R.E.A.
(812) 235-4433
Listed By:
DAVE CASH · License #RB14017104
Source:
Xome
Added: Oct 27, 2024
Changed: Aug 31
Last Checked: Aug 31 at 3:26PM
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 REMAX R.E.A.
Investment Insights
Based on property information with market context.
This office property is leased on an NNN structure with 2 years remaining on the current term. The agreement includes 2 five-year renewal options, each providing for a 2% annual increase. The tenant upgraded the interior in 2020, and the building includes central air conditioning.
The property is located at 1605 Wabash Avenue in Terre Haute, Indiana, surrounded by retail and restaurant businesses. Two additional lots south of the building provide additional parking capacity. The lease is associated with a 9% cap rate, offering a clearly defined income profile for investors evaluating the asset.
The property is located at 1605 Wabash Avenue in Terre Haute, Indiana, surrounded by retail and restaurant businesses. Two additional lots south of the building provide additional parking capacity. The lease is associated with a 9% cap rate, offering a clearly defined income profile for investors evaluating the asset.
Key Highlights
- NNN lease with 2 years remaining on the current term
- 2 five‑year renewal options with a 2% annual increase
- 9% cap rate
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 47807, IN
12,063
Population
6,805
Households
1.8
Avg Household Size
29
Median Age
13%
College-Educated
82%
High-School Grad
3.8 sq mi
ZIP Area
3,174
Density / Sq Mi
$24,389
Median Household Income
$15,611
Median Earnings
$910
Median Rent
$58,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Central air and tenant improvements completed in 2020 support the property’s ongoing office configuration.
Where is this office building located?
The property is located at 1605 Wabash Avenue 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: NNN lease with 2 years remaining on the current term; 2 five‑year renewal options with a 2% annual increase; 9% cap rate
