Renovated Downtown Mixed-Use
For Sale
$425,000
144 South Wabash Street, Wabash, IN 46992
Fully leased three-level building combining professional office space with two separately serviced apartments.
Property Size1,307 SF
Price / SF$325.17
Days on Market174
Property Features for 144 South Wabash Street
General Information
Standard status
Active
Size
1,307 SF
Property subtype
Commercial / Mixed Use
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Office Units
1
Additional Details
Floor
Main Level
Taxes and HOA fees
Annual Taxes
$3,241
Amenities
Central Air
2
Yes
Carpet, Tile, Vinyl
Gas, Forced Air
Finished, Outside Entrance, Walk-Out Basement
Brick, Stone
Rubber
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Lundquist Appraisals & Real Estate
(260) 571-6141
Listed By:
John Lundquist · License #RB14043566
(260) 571-6141
Source:
Compass
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 30 at 12:03AM
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 Lundquist Appraisals & Real Estate
Investment Insights
Based on property information with market context.
Located in downtown Wabash, this three-level mixed-use building combines a 1,452-square-foot office area with two residential units of 1,452 square feet each. The main-level office includes an open work area, conference room, kitchenette, half bath, vinyl plank flooring, natural light, and a beamed ceiling. The upper apartment has a private entrance, three bedrooms, one full bathroom, an open living and kitchen arrangement, oak cabinetry, appliances, and laundry connections. The lower apartment is reached from a quiet alley and provides two bedrooms, one bathroom, open living areas, and a kitchen with an island and included appliances.
Renovation work included plumbing, HVAC, electrical service, and vinyl replacement windows. The lower unit has been fully renovated, while the upper residence includes a furnace and central air installed in 2021. Separate mechanical systems and fully independent utilities serve each unit. The property is fully leased, and existing tenants have expressed interest in remaining with new ownership.
Renovation work included plumbing, HVAC, electrical service, and vinyl replacement windows. The lower unit has been fully renovated, while the upper residence includes a furnace and central air installed in 2021. Separate mechanical systems and fully independent utilities serve each unit. The property is fully leased, and existing tenants have expressed interest in remaining with new ownership.
Key Highlights
- 1,452‑square‑foot office area plus two 1,452‑square‑foot apartments
- Fully leased property with existing tenants interested in remaining
- Extensive updates include plumbing, HVAC, electrical, and vinyl replacement windows
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 46992, IN
16,183
Population
7,654
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
99
Density / Sq Mi
$65,500
Median Household Income
$39,378
Median Earnings
$697
Median Rent
$141,800
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?
Mixed-use property - Fully leased three-level building combining professional office space with two separately serviced apartments.
Where is this mixed-use property located?
The property is located at 144 South Wabash Street Wabash, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,452‑square‑foot office area plus two 1,452‑square‑foot apartments; Fully leased property with existing tenants interested in remaining; Extensive updates include plumbing, HVAC, electrical, and vinyl replacement windows
