Property profile

615 Manchester Ave Wabash, IN 46992

OFF-MARKET
Office Spaces
Property ID
US31-1447838
960 SF 0.11 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Title Company

Location

615 Manchester Ave Wabash, IN 46992-1417
Wabash metro Census 102600 WABASH, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2025
1 recorded transaction
2025
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 615 Manchester Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message