401 Wabash Ave - Office FOR SALE


Terre Haute, IN 47807- Downtown Terre Haute
$1,055,000 USD
812-243-0930
401 Wabash Ave, Terre Haute, IN for Sale
$1,055,000 USD
Office - FOR SALE
1/20
null | 8.47% Cap Rate

401 Wabash Ave
Terre Haute, IN 47807
Downtown Terre Haute


OVERVIEW

Prime Downtown Terre Haute Investment Opportunity Capitalize on a rare opportunity to own a highly visible, income-producing commercial property in the heart of downtown Terre Haute. This three-unit office complex sits on a premier corner location at Wabash Avenue and 4th Street, offering over 280 feet of frontage and exceptional exposure from a signalized intersection with steady daily traffic. Strategically positioned just one block from the Vigo County Courthouse and Indiana State University, the property benefits from consistent foot traffic and strong surrounding demand. The area is anchored by a vibrant mix of retail stores, restaurants, and professional service providers, making it an ideal long-term investment in a growing commercial corridor. This well-maintained building features floor-to-ceiling windows, and high-end finishes throughout designed to attract and retain quality tenants. With its prime location, strong visibility, flexible multi-tenant layout, and desirable amenities, this property presents an exceptional opportunity for investors seeking stable income and long-term appreciation. Long time tenants: Morgan Stanley Smith Barney LLC of more than 20 years. State Farm Insurance Agency of nearly 10 years. Vacant Space of 2,514sq ft available for lease. $27,654 base rent. Current NOI: $70,741 Cap Rate 6.7% Full Lease NOI: $89,388 Cap Rate 8.47% Call Broker

FOR SALE DETAILS

PRICE

$1,055,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

8.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C-9

APN/PARCEL ID

84-06-21-454-001.000-002,84-06-21-454-003.000-002

ASK ABOUT THIS PROPERTY

Dave CashRemax/Rl Est AssocMore Info
812-243-0930

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Dave CashRemax/Rl Est AssocMore Info
812-243-0930

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