2314 Wabash Ave, Terre Haute, IN 47807-3308
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.