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401 Wabash Ave 6,832 SF 100% Leased Office Building Terre Haute, IN 47807 $1,055,000 ($154.42/SF) 8.47% Cap Rate
Investment Highlights
- Located in the core of downtown Terre Haute near Indiana State University and major employers
- Anchored by established tenants Morgan Stanley and State Farm with long-term leases in place
- Long time tenants: Morgan Stanley Smith Barney LLC of more than 20 years and StateFarm Insurance Agency of nearly 10 years.
- Ample on-site parking with 30 spaces, a valuable feature in the urban market.
- Positioned along a visible thoroughfare with active foot and vehicle traffic in the central business district.
Executive Summary
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.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Building Size
6,832 SF
Building Class
B
Year Built
2001
Price
$1,055,000
Price Per SF
$154.42
Cap Rate
8.47%
NOI
$89,388
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,832 SF
Building FAR
0.37
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
C-9
Parking
30 Spaces (4.39 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $292,900 | |
| Land Assessment | $108,700 | Total Assessment | $401,600 |
Property Taxes
Parcel Numbers
Land Assessment
$108,700
Improvements Assessment
$292,900
Total Assessment
$401,600
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401 Wabash Ave
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