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Property profile & analytics
OFF-MARKET
Office Spaces

615 Manchester Ave Wabash, IN 46992-1417

960 SF 0.11 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-1447838
Property summary
AI-generated overview

This exceptional 960-square-foot commercial building is ideally situated on a 0.24-acre corner lot in Wabash, Indiana, at 615 Manchester Avenue. Previously occupied by Edward Jones for 15 years, this single-level property offers a versatile layout perfect for a variety of office uses. The building boasts an extra-large reception/waiting area, two private offices providing ample space for individual work or client meetings, a bathroom, a utility room, and a storage room housing the furnace. Recent renovations (completed two years ago) have significantly enhanced the property's appeal, encompassing interior and exterior painting, new vinyl flooring throughout, updated lighting, and landscaping improvements. The property also includes a convenient off-street parking lot with access from Manchester Avenue and an exit onto Michigan Street. Further upgrades include a newer metal roof, attic insulation, and a recently serviced furnace. The bathroom has also been recently updated. This turnkey opportunity presents a rare chance to acquire a well-maintained, updated commercial space in a desirable location. The building's size, amenities, and prime location make it an attractive investment for businesses seeking a comfortable and functional workspace. The property's excellent condition and recent improvements minimize the need for immediate capital expenditures, allowing for a smooth transition and immediate occupancy.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1969
Construction WOOD
Total area 960 SF
Lot 0.11 ac (4,680 SF)
APN 85-14-02-404-147.000-009
UPID US31-1447838
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
Current use
Occupant on record · Public records
  • GCA Title Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Arc Of Wabash County INC · 1 yrs held
Arc Of Wabash County INC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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