Improved Mixed-Use Land for Sale in Wabash, Indiana

5866 W 200 S Wabash, IN 46992

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$1,350,000
11.4 acres
Active
agoEst $7,208/mo

Picturesque 11.35 Acre mobile home community, offering positive cash flow and room to grow. The property features 42 sites, 11 tenant owned mobile homes, the remaining homes are rentals with a few rehab projects. Yielding a 9% cap rate currently and could easily be increased to 12% with little initial investment. There is a high need for affordable housing options in Wabash County. The park has recently switched management to a current tenant for better on-site management. There is excess unused acreage on the property that can be converted into additional mobile home lots or other uses. The units are serviced by a well which had a new pump installed recently. There is also a wastewater treatment plant for the park.

Sq feet
1977
Built

Directions

Head west on Bus US-24, keep right onto W 200 S, the entrance is on the right hand side.

Location

Street Address
5866 W 200 S
Elevation
699 feet
Coordinates
40.7968, -85.901

Property details

MLS Number
FWAAR 202502913
Date Posted

Property taxes

Recent
$2,001

Parcels

  • 85-14-07-303-018.000-007

Legal description

This 11.35-acre property is located at 5866 W 200 S in Wabash, IN 46992 with latitude 40.7968 and longitude -85.901. The property is currently available for sale for $1,350,000. It has a structure built in 1977. Listing data is sourced from Upstate Alliance of Realtors Multiple Listing Service # 202502913.

Verify sale details at the property source or contact Keller Williams Realty Group at (260) 460-7707.

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Copyright (C) 2025 Upstate Alliance of REALTORS(R) Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 58 mins ago. Updated . Parcel data by Regrid.

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