55 W Water St Wabash, IN
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Iconic 3-story building with redevelopment potential in historic Wabash.
Type:OFFICE
Property size:
11,328 SFLot size:
0.65 Acres- Added:
- Nov 25, 2025
- Days on Market:
- 139
- Last Refresh:
- Apr 5 at 8:18 pm
Property Features for 55 W Water St
General Information
- Standard status
- Active
- Size
- 11,328 SF
- Lot size
- 0.65 Acres
- Property subtype
- OFFICE
Listing agent Robert Lundquist
Listing office Lundquist Appraisals & Real Estate (260) 563-2812
Listing date Nov 25, 2025
Source Moodyscre
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
Overview
Historic Limestone Building in Wabash
Constructed in 1890, the Sposeep Building is a 3-story structure with a full basement, located on Water Street, one block south of the downtown commercial district in Wabash. The building, constructed of rough-hewn Indiana limestone, offers approximately 3,276 square feet per floor, totaling 11,328 square feet. It features original details such as exposed timber beams and columns, rustic limestone walls, original plank wood flooring, and ceiling heights ranging from 10 to 13 feet. The open floor plans provide flexibility for adaptive reuse, including studio or workshop space, creative offices, gallery, or mixed commercial concepts. The property is situated on a corner lot. The property previously underwent environmental remediation. Any purchase offer will require final approval from both the City of Wabash Redevelopment Commission and the Indiana Landmarks Foundation Board of Directors. The property will be subject to protective covenants and right of first refusal. This building presents an opportunity for revitalization within the downtown district.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Wabash
- County
- Wabash
- State
- Indiana
- Longitude
- -85.8229
- Latitude
- 40.7948
Nearby Similar for Lease
FAQs
What type of property is this?
Office building - Iconic 3-story building with redevelopment potential in historic Wabash.
Where is this office building located?
The property is located at 55 W Water St Wabash, IN.
What are key features of this property?
This property features: Historic landmark building constructed in 1890 with distinctive Indiana limestone architecture.; Large, open floor plans (approximately 3,276 sq ft per floor) offering exceptional flexibility for adaptive reuse.; Prime location on Water Street, just one block south of the downtown commercial district.
