Property profile

1091 Central Ave Wabash, IN 46992

OFF-MARKET
Office Spaces
2,728 SF 0.44 ac lot Built 1975
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 1975
Total area 2,728 SF
Lot 0.44 ac (19,166 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Foster Care Service Social Service Agency

Location

1091 Central Ave Wabash, IN 46992
Wabash metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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