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    1091 Central Ave Wabash, IN 46992

    Sponsored
    For Sale
    $225,000

    Wabash, IN Office Building - Value-Add Opportunity

    Property size:
    2,728 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,728 square foot, single-story office building is located at 1091 Central Ave, Wabash, IN 46992. Currently 100% occupied, this Class B property presents a compelling value-add investment opportunity. Built in 1975, the building sits on a 0.44-acre lot zoned GB - General Business and features a reception area, conference room, and break room. The property includes two parking spaces and benefits from two points of ingress/egress at a lighted intersection, providing excellent accessibility. Situated conveniently off State Road 15 near US 24, the building offers ample parking in two on-site surface lots. Recent improvements include several new windows. The building measures 44' x 62' and is offered at an asking price of $225,000. The lease type is NNN, and the tenancy is single. The property's APN is 85-14-03-403-012.000-008. A virtual tour is available, allowing for detailed exploration of the space. This is a rare opportunity to acquire a fully occupied, well-located office building in Wabash, Indiana.

    Property Features for 1091 Central Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,728 SF
    Class
    B
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    HighLights

    • 100% Occupancy.
    • Two access points and excellent visibility at a lighted intersection.
    • 2,728 square foot building (44' x 62').
    • Reception area, conference room, and break room included.
    • High‑quality office space.
    • Convenient location near State Road 15 and US 24.
    Property Profile Location Intelligence

    Current Use by Public Records

    Groups Recover Together Addiction Treatment Center Deborah L. Williams, ... Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wabash
    County
    Wabash
    State
    Indiana
    Longitude
    -85.8359256
    Latitude
    40.8110878

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    FAQs

    What type of property is this?
    Office Property / Space - Wabash, IN Office Building - Value-Add Opportunity
    Where is this office property / space located?
    The property is located at 1091 Central Ave Wabash, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 100% Occupancy.; Two access points and excellent visibility at a lighted intersection.; 2,728 square foot building (44' x 62').
    (260) 755-7836
    Request Owner's contact information
    1091 Central 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
    1091 Central Ave Wabash, IN 46992
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