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    OFF-MARKET
    Retail space

    2314 Wabash Ave, Terre Haute, IN 47807-3308

    2,232 SF 0.08 ac lot Built 1900
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-2072064
    Property summary
    AI-generated overview

    This exceptional commercial property, situated at 2314 Wabash Avenue in Terre Haute, Indiana, presents a unique investment opportunity. Boasting a total of 2,232 square feet, this versatile space is ideally suited for a variety of professional uses, including office, retail, or medical practices. Currently configured as a salon, the main level offers a welcoming reception area, ample open floor space, and three private rooms (measuring 10x7, 9x7, and 11x7 feet respectively). A convenient back entrance with employee closets adds to the functionality. The property also includes a bathroom on the main level. Upstairs, you'll find a small break room, two generously sized private rooms (12x11 and 13x9 feet), two smaller rooms, and abundant storage space. Two supplemental window air conditioning units are installed on the upper level. The property sits on a 3,484 square foot lot and is zoned C6. Its strategic location on Wabash Avenue/US Highway 40, near the bustling 25th & Wabash intersection with its numerous anchor stores, ensures high visibility and accessibility. The asking price for this well-maintained property is $162,900. This presents a rare chance to acquire a thriving commercial space in a high-traffic area of Terre Haute. The property's flexible layout and prime location make it an attractive investment for discerning buyers.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Construction WOOD
    Total area 2,232 SF
    Lot 0.08 ac (3,500 SF)
    APN 84-06-23-179-009.000-002
    UPID US31-2072064
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    L & C Real Estate LLC · 1 yrs held
    L & C Real Estate LLC
    since 2025
    Last sale
    $85,000
    3 recorded transactions
    2025
    2021
    $85,000
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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