Property profile

2314 Wabash Ave Terre Haute, IN 47807

OFF-MARKET
Retail space
Property ID
US31-2072064
2,232 SF 0.08 ac lot Built 1900
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

2314 Wabash Ave Terre Haute, IN 47807-3308
Terre Haute metro Census 1400 TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2025
Last sale
$85,000
3 recorded transactions
2025
Price N/A
2021
$85,000
2007
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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