Three-Unit Office Corner
For Sale
$1,055,000
401-403 Wabash Avenue, Terre Haute, IN 47807
SINGLE_FAMILY - Terre Haute, IN
Property SizeContact for details
Lot Size0.45 Acres
Days on Market140
Property Features for 401-403 Wabash Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-9
Subdivision
Vigo County
Standard status
Active
APN
84-06-21-454-001.000-002
Lot size
0.45 Acres
Building Details
Floors in Building
1
Listing Agency:
REMAX R.E.A. · RE/MAX International
(812) 235-4433
Listed By:
Dave Cash · License #RB14017104
(812) 243-0930
Added: Mar 25
Changed: Jun 26
Last Checked: Aug 11 at 9:06AM
MLS# 108905
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.
Investment Insights
Based on property information with market context.
This three-unit office complex offers a flexible multi-tenant layout and a well-maintained building with floor-to-ceiling windows. The property sits on a corner with substantial street-facing presence, designed to support professional office use and attract tenant interest. Current occupancy includes long-tenured tenants: Morgan Stanley Smith Barney LLC (more than 20 years) and a State Farm Insurance Agency (nearly 10 years). A 2,514 SF space is currently vacant and available for lease, providing an immediate option for a qualified tenant.
The building is located in downtown Terre Haute at the intersection of Wabash Avenue and 4th Street, with approximately 280 feet of frontage. Exposure is enhanced by the signalized intersection and surrounding activity, and the property is described as being about one block from the Vigo County Courthouse and Indiana State University. The immediate area features a mix of retail, restaurants, and professional service providers.
For buyers and investors, the property’s existing office tenancy and available vacancy offer straightforward leasing and operational continuity. Reported financial performance includes a current NOI of $70,741 and a base rent amount of $27,654, along with a full-lease NOI of $89,388. The offering is positioned as an income-producing office asset in a central business setting, with an opportunity to lease the remaining space.
The building is located in downtown Terre Haute at the intersection of Wabash Avenue and 4th Street, with approximately 280 feet of frontage. Exposure is enhanced by the signalized intersection and surrounding activity, and the property is described as being about one block from the Vigo County Courthouse and Indiana State University. The immediate area features a mix of retail, restaurants, and professional service providers.
For buyers and investors, the property’s existing office tenancy and available vacancy offer straightforward leasing and operational continuity. Reported financial performance includes a current NOI of $70,741 and a base rent amount of $27,654, along with a full-lease NOI of $89,388. The offering is positioned as an income-producing office asset in a central business setting, with an opportunity to lease the remaining space.
Key Highlights
- Three‑unit office complex in downtown Terre Haute on the corner of Wabash Ave and 4th St with over 280 ft of frontage
- Signalized intersection exposure with floor‑to‑ceiling windows and high‑end finishes
- Leasing opportunity: 2,514 SF vacant space available for lease
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,498
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 - Three-unit office complex with long-tenured tenants and a large vacancy available for lease.
Where is this office building 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: Three‑unit office complex in downtown Terre Haute on the corner of Wabash Ave and 4th St with over 280 ft of frontage; Signalized intersection exposure with floor‑to‑ceiling windows and high‑end finishes; Leasing opportunity: 2,514 SF vacant space available for lease
