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Turnkey Restaurant with Apartment
For Sale
$329,900

46 W Canal St, Wabash, IN 46992

Turnkey Pizza King restaurant with a fully equipped kitchen and an upper-level apartment undergoing complete renovation.

Property SizeContact for details
Days on Market47

Property Features for 46 W Canal St

General Information

Standard status Active

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $3,492
Listing Agency: Lundquist Appraisals & Real Estate
Listed By: John Lundquist · License #RB14043566
Source: Exprealty
Added: Jul 14 Changed: Aug 25 Last Checked: Aug 28 at 12:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lundquist Appraisals & Real Estate

Investment Insights

Based on property information with market context.

This property offers a well-established, turnkey Pizza King restaurant along with an upper-level apartment that is currently being completely renovated. The restaurant includes two 60" Blodgett stone deck ovens, a Manitowoc ice maker, ThermoAir makestation, a 5' x 7' Hobart walk-in cooler, and a GE vertical deep freezer. The 17' x 30' dining area is set up with eight booths, five tables, digital menu boards, a fountain beverage station, and two large display windows providing additional seating and downtown views.

Recent exterior updates include a newly painted front facade, a new Pizza King logo awning, and new burners, reflector plates, and thermocouples in both pizza ovens. Rear alley access with parking is also included.

The upper-level apartment is being renovated to include all-new heating and cooling, an electric water heater, PEX plumbing, fresh paint, brand-new cabinetry, and an open-concept living area with soaring ceilings and an exposed brick accent wall. The layout features two bedrooms, two full baths, and a flexible third room that can support office, bedroom, or storage use.

Key Highlights

  • Sale includes the Pizza King restaurant plus a spacious upper‑level apartment undergoing complete renovation in downtown Wabash.
  • Restaurant is fully equipped with two 60" Blodgett stone deck ovens, Manitowoc ice maker, ThermoAir make station, Hobart walk‑in cooler (5' x 7'), and GE vertical deep freezer.
  • Dining area (17' x 30') includes eight booths, five tables, digital menu boards, fountain beverage station, and two large display windows.

Property Analytics

Current Use

Pizza King Restaurant

Suggested Use

Top Pick HVAC Service Spa & Massage Center Kitchen & Bath Showroom Real Estate Agency Pharmacy Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 76% Dining 24%
Speedway Shops & Services
15,120 visits/mo 0.3 miles
Scooter's Coffee Dining
7,357 visits/mo 0.4 miles
Phillips 66 Shops & Services
4,699 visits/mo 0.3 miles
Shell Shops & Services
3,774 visits/mo 0.3 miles

Demographics for 46992, IN

16,183
Population
7,654
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
99
Density / Sq Mi
$65,500
Median Household Income
$39,378
Median Earnings
$697
Median Rent
$141,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey Pizza King restaurant with a fully equipped kitchen and an upper-level apartment undergoing complete renovation.
Where is this conventional restaurant located?
The property is located at 46 W Canal St Wabash, IN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Sale includes the Pizza King restaurant plus a spacious upper‑level apartment undergoing complete renovation in downtown Wabash.; Restaurant is fully equipped with two 60" Blodgett stone deck ovens, Manitowoc ice maker, ThermoAir make station, Hobart walk‑in cooler (5' x 7'), and GE vertical deep freezer.; Dining area (17' x 30') includes eight booths, five tables, digital menu boards, fountain beverage station, and two large display windows.
More about this property
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