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    Property profile & analytics

    53 Market St Wabash, IN 46992

    • Retail space
    • 8,720 SF
    • 0.18 lot acres
    For Lease
    View listing
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US31-2088325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 53 Market St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    8,720 SF
    Property type
    Retail space
    APN
    85-14-11-304-214.000-009
    APU
    851411304214000009

    Description

    This exceptional retail opportunity is located at 53 E Market St in Wabash, Indiana, 46992. The property boasts a highly visible corner location at the southeast intersection of E Market St and S Wabash St, offering unparalleled exposure to significant foot and vehicle traffic. The building offers a total of 7,745 square feet of retail space, currently entirely vacant and ready for immediate occupancy by a single tenant. This presents a unique chance to establish a prominent presence in a thriving Wabash commercial district. The space is ideal for a variety of retail uses, given its size and prime location. Ample parking is available with 23 spaces provided for customers and employees. The property is classified as a storefront retail space, offering excellent street-facing visibility and accessibility. The building's size and layout provide flexibility for customization to meet the specific needs of a new tenant. This is a rare opportunity to secure a substantial, high-visibility retail space in a desirable Wabash location. The property's strategic placement ensures maximum exposure and potential for business growth. Interested parties are encouraged to act quickly to secure this exceptional retail opportunity. The address is easily accessible and well-situated within the Wabash commercial area. The 7,745 square feet of vacant space offers significant potential for a variety of retail businesses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $310,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $345,000
      Mixed-Use
      $360,000
      Hospitality
      $280,000
      Educational
      $280,000
      Residential Income
      $365,000
      Energy
      $315,000
      Income-Based Land
      $310,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Wabash
    County
    Wabash
    State
    Indiana
    Longitude
    -85.8196
    Latitude
    40.7967
    CBSA code
    47340
    CBSA name
    WABASH, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,208
    $15,800
    $57,800
    $73,600
    -
    $15,800
    $57,800
    $73,600

    Comparable in this City

    • Value Estimation by Request
      14,947 SF

      123 Canal St

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      123 Canal St, Wabash, IN 46992-3042
      View Details
    • Value Estimation
      $440,000
      11,100 SF

      25 Dimension Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,100 SF
      25 Dimension Ave, Wabash, IN 46992-4127
      View Details
    • Value Estimation
      $310,000
      480 SF

      121 Hale Dr

      RETAIL STORES (PERSONAL SERVICES) • 480 SF
      121 Hale Dr, Wabash, IN 46992-3823
      View Details
    • Value Estimation
      $325,000
      10,057 SF

      86 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,057 SF
      86 Main St, Wabash, IN 46992-3196
      View Details
    • Value Estimation
      $315,000
      1,050 SF

      290 Manchester Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      290 Manchester Ave, Wabash, IN 46992-1808
      View Details
    • Value Estimation
      $320,000
      2,704 SF

      280 Manchester Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,704 SF
      280 Manchester Ave, Wabash, IN 46992
      View Details

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    53 Market St
    Wabash, IN 46992
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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