231-237 S Wabash St - Storefront Retail/Residential FOR SALE


Wabash, IN 46992
$899,000 USD
317-340-3969
231-237 S Wabash St, Wabash, IN for Sale
$899,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 5.34% Cap Rate

231-237 S Wabash St
Wabash, IN 46992


HIGHLIGHTS

  • Excellent location in the city center just across from city hall.
  • Situated at a signalized intersection.
  • Rental income from 2nd floor apartments.
  • Perfect for a restaurant, brewery, or distillery.

OVERVIEW

3% Buyer’s agent fee offered. This property has 6,000 SF (3,000 SF/floor). In 2nd year of Ten year real estate tax abatement (sliding scale). The 2nd floor consists of 4 luxury apts. (1 two bed, 1 one bed, & 2 loft apartments generating over $4,600 mo.). Perfect location for owner operator to occupy the 1st floor with their business and off set their expenses with the apartment rents. Great location for a restaurant, brewery or distillery. Community Incentives available for new businesses to the community. DEMOGRAPHICS 2024 1-Mile 3-Mile 5-Mile Est. Population 3,209 10,972 12,652 Est. Households 1,610 5,380 6,171 Average HH Income $50,341 $54,155 $56,534 TRAFFIC COUNTS S Wabash St: 8,322 ADT Main St: 3,888 ADT

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

5.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Bedford

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

PUD, r-2

APN/PARCEL ID

85-14-11-304-210.000-009

ASK ABOUT THIS PROPERTY

Matt JacksonJackson IGMore Info
317-340-3969

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Matt JacksonJackson IGMore Info
317-340-3969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.