208 Illinois St Wanatah, IN 46390
This exceptional commercial property located at 208 N Illinois Street, Wanatah, Indiana, presents a significant opportunity for investors and businesses alike. The building boasts over 8,000 square feet of usable space, offering ample room for a variety of commercial ventures. The layout is versatile and could easily be adapted to suit diverse needs. A key feature is the substantial kitchen located in the basement, complete with a generous seating area – perfect for employee break rooms or even potential catering operations. Adding to the property's value is the inclusion of an additional lot, totaling 0.19 acres, providing extra space for expansion, parking, or outdoor amenities. The current zoning may require modification if the building is not used as a church
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Living Faith Fellowship Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.