615 Manchester Ave Wabash, IN 46992-1417
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.
-
GCA Title Title Company
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.