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Metzger Online Real Estate Auction



Online Auction: Tuesday, November 3rd at 6:30 pm


Open house/inspection:

Open House: Wednesday, October 28th from 5:30-6 pm


2 W Market St., Wabash, IN 46992


Auction Highlights

Metzger Online Real Estate Auction

Four-Level Downtown Commercial Property Offering 11,000+ Sq. Ft., Historic Character, Flexible Spaces, and Exceptional Potential in the Heart of Wabash! Guaranteed to Sell after the Minimum Opening Bid of $170,000! 


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Auction Information

Metzger Online Real Estate Auction

Four-Level Downtown Commercial Property Offering 11,000+ Sq. Ft., Historic Character, Flexible Spaces, and Exceptional Potential in the Heart of Wabash! Guaranteed to Sell after the Minimum Opening Bid of $170,000! 

Online Auction: Tuesday, November 3rd at 6:30 pm

2 W Market St., Wabash, IN 46992

Open House: Wednesday, October 28th from 5:30-6 pm

  • Noble Township Wabash County
  • $5091.00 Annual Taxes 11,000+ SF
  • Legal Description: OP SE 77X41 LOT 77 Parcel #: 85-14-11-304-158.000-009

Discover the possibilities offered by this substantial four-level commercial building. Positioned at the highly visible corner of Wabash Street and W. Market Street in downtown Wabash, the property enjoys a prominent downtown presence and a location that puts it in the heart of Wabash's historic commercial district. With more than 11,000 square feet, a flexible floor plan, and distinctive historic details, the property offers an exciting opportunity for an entrepreneur, investor, or developer ready to bring a new vision to the space.


The expansive main level provides generous finished commercial and entertainment areas with distinctive features that add character throughout, including an approximately 18' x 47' front room with large display windows, stage, vinyl flooring, and newer mini-split system. An adjoining 50' x 18' area features ceramic tile flooring, an expansive bar, and a unique sound-activated cloud ceiling. Additional main-floor spaces include a prep area, restrooms--including an ADA-compliant restroom--and a private office highlighted by a fireplace and original built-in cabinetry.


The upper levels provide an intriguing opportunity to expand, repurpose, or reimagine the property. The finished second-floor loft offers additional gathering or flexible-use space, along with a kitchen and restroom. The third floor offers multiple rooms suitable for office, storage, or future redevelopment, while the unfinished fourth floor provides a blank canvas for a buyer with a vision for additional usable space. Whether envisioned as an entertainment destination, business headquarters, creative space, mixed-use concept, or something entirely new, the property is located within the Historic Riverfront District and offers a layout adaptable to a variety of potential future uses. Its combination of size, prominent corner exposure, downtown location, and historic character creates an opportunity to make an ambitious vision possible.


This is more than a commercial building--it is a substantial downtown property with character, presence, and the flexibility to become something entirely new. Opportunities of this size and prominence in the heart of downtown Wabash are not easily replicated, making this an exciting opportunity for the buyer ready to bring the next vision to life! 


Guaranteed to Sell after the Minimum Opening Bid of $170,000! 

Open House: Wednesday, October 28th from 5:30-6 pm or Schedule Your Private Showing Today! Call our office at 260.982.0238

Terms & Conditions

TERMS:

This will be a soft close, the end time continues to extend by a few minutes whenever a bid is placed within 2 minutes of the auction closing. This means it doesn't truly end until all bidding has stopped, providing a fair opportunity to all bidders!

Your bid constitutes a legal offer to purchase, and the final bid shall constitute a binding contract between the Buyer and Sellers. The property is guaranteed to sell after the opening bid of $170,000.00! The auctioneer will settle any disputes as to bids and their decision will be final. The acreages and square footage amounts listed in this brochure and all marketing material are estimates taken from county records, FSA records and/or aerial photos. The sellers reserve the right to determine the need for, and type of survey provided. If completed, the cost of the survey will be shared 50/50 by the Seller and the Buyer.

A 4 % buyer's premium will be added to the winning invoice. An earnest money deposit of $7,500.00 will be due within 24 hours of the auction with the balance due at closing. Said funds will be held in our Escrow account and will come off your balance due at closing. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. Buyers agree to sign the purchase agreement within 24 hours of the auction ending and submit their earnest money to Metzger Property Services within the 24-hour time period via cash, check or wire transfer. Buyer(s) agrees to pay an additional $25 wire transfer fee if wiring said funds. Buyers who fail to do so will be in breach of contract and are subject to damages &/or specific performance.

The Sellers will provide a Warranty Deed & an Owner's Title Insurance Policy at closing. The closing(s) shall be on or before December 11, 2026. Possession will be at closing. Taxes will be prorated to the day of closing. Real estate taxes for the entirety in '25 due in '26 were approximately $5,091.00. Metzger Property Services LLC, Chad Metzger, and their representatives, are exclusive agents of the Sellers. All statements made on auction day take precedence over printed materials. The property is being sold "AS IS, WHERE IS" with no warranties expressed or otherwise implied. All decisions made by the auctioneer are final.

Real Estate Brokers: Must register clients 24 hours in advance of the auction and be present at any showings your client attends. The Client Registration form is available on the bidding website.

Seller has the right to accept bids prior to auction.

Auction Photos

Auction Files