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Listed by John Lundquist • Lundquist Appraisals & Real Estate • john@lundquistrealestate.com
$ 1,500,000
Est. payment /mo
Active
78 & 80 W Canal Wabash, IN 46992
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202547557
Abv Grd Liv Area 1,200
Year Built 1900
Annual Tax Amount $13,839
Tax Year 2026
Lot Size 5,662 Sqft
Property Sub-Type Mixed Use
Property Description
Incredible investment opportunity in downtown Wabash! This exceptional offering includes two commercial buildings plus seven well-maintained apartments, all selling together. Whether you're looking to expand your business, launch a new venture, or secure income-producing residential units, this property delivers unmatched versatility and potential. 80 W Canal Street – This 20' x 60' commercial space is move-in ready for a new or expanding business. With large display windows, beautiful hardwood floors, and 14 ft. ceilings, the storefront offers excellent visibility and inviting character. The building is commercially sprinkled and includes a half bath, storage room, and a clean full basement—ideal for additional storage. ADA compliant. 78 W Canal Street – An impressive 123' x 19' building, currently a white-box space prepped for restaurant use and ready for your final vision. This property is also ADA compliant and equipped with a hood system, commercial sprinklers, on-demand gas heat, new PEX plumbing, and sump pumps in both basements. A full basement provides excellent storage, and alley access enhances functionality. Outside features include a custom paved courtyard—perfect for outdoor dining or entertainment—and an exterior grease pit already in place. Seven Apartments Included – All seven apartments have been thoughtfully maintained and offer open-concept layouts with spacious kitchens and living areas. Each unit is equipped with an electric range, microwave, dishwasher, and refrigerator, along with vinyl plank flooring, gas-log fireplaces, gas forced-air heat, central air, and on-demand water heaters. Mechanical rooms are located outside the units for added convenience. A shared 13' x 13' common laundry area includes three coin-operated washers and three coin-operated dryers. This is a rare opportunity to own a versatile, income-producing property in an unbeatable downtown location. These buildings not only offer the space, infrastructure, and potential to make it all happen they were completely rebuilt from the foundations up just six years ago the investor/owner spared no expense ensuring these structures were ready for another 100 years of service, You have likely not seen historic downtown buildings in literally new construction condition elsewhere, a complete breakdown of the renovation is available.
Location
State IN
County Wabash County
Area Wabash County
Direction North Cass St to Canal St properties on north side of the street in downtown Wabash just one block east of the honeywell Center.
Interior
Flooring Carpet, Concrete, Tile, Vinyl
Appliance Building, Land, Lease
Exterior
Fence Decorative, Metal
Roof Type Rubber
Building
Story 3
New Construction No
Others
Virtual Tour https://view.ricoh360.com/1c7a4307-305d-46ee-8ba1-72a54d603090?type=compact
IDX information provided by the Indiana Regional MLS