Property profile

1012 Cass St Wabash, IN 46992

OFF-MARKET
Commercial land
Property ID
US31-2143516
3,172 SF 0.43 ac lot Built 1970
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land offering comprises two parcels totaling 2.06 acres in desirable Wabash, Indiana. The first parcel, 0.42 acres, enjoys a prime location near the Shoppers Mart Shopping Center on Cass Street, a highly trafficked area surrounded by banks, fast food restaurants, and retail establishments. Its proximity to Highway 24 ensures excellent visibility and accessibility. This parcel is listed at $165,000 and had 2021 property taxes of $2,151.00. The second parcel, encompassing 1.64 acres, is strategically situated at the corner of Central Avenue and West Harrison Avenue, offering significant development potential. This parcel is listed at $195,000 and had 2021 property taxes of $1,770.00. Both parcels are zoned WCGB, providing flexibility for a variety of commercial uses. The combined asking price for both parcels is $360,000. The property's location offers easy access to downtown Wabash, making it an ideal investment opportunity for businesses seeking high visibility and convenient access to a thriving community. The APN for the combined parcels is 85-14-03-404-004.000-008. This is a rare opportunity to acquire two strategically located parcels in a high-demand area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1970
Construction CONCRETE
Total area 3,172 SF
Lot 0.43 ac (18,600 SF)
APN 85-14-03-404-004.000-008
UPID US31-2143516

Cap rate & NOI

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

Location

1012 Cass St Wabash, IN 46992-1022
Wabash metro Census 102700 WABASH, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

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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