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Downtown Wabash Investment Opportunity

78 West Canal Street Wabash, IN 46992

78 West Canal Street, Wabash, IN, 46992
$1,500,000
For Sale
Claim this Listing
$1,500,000

Two commercial buildings plus seven apartments in downtown Wabash.

Property Size5,663 SF
Price / SF$264.88
AddedOct 27, 2025
Days on Market262
Last RefreshJul 5 at 3:28 pm

Property Features for 78 West Canal Street

General Information

Standard status
Active
Size
5,663 SF
Property subtype
Commercial / Mixed Use

Building Details

Year Built
1900

Listing office Lundquist Appraisals & Real Estate

Listing date Oct 27, 2025

Source Compass

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 exceptional investment opportunity in downtown Wabash includes two commercial buildings and seven well-maintained apartments, all selling together. The property at 80 W Canal Street is a 20' x 60' commercial space that is move-in ready. It features large display windows, hardwood floors, and 14 ft. ceilings. The building is commercially sprinkled and includes a half bath, storage room, and a full basement. It is also ADA compliant. The property at 78 W Canal Street is a 123' x 19' building, currently a white-box space prepped for restaurant use. 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 storage, and alley access enhances functionality. Outside features include a custom paved courtyard and an exterior grease pit. 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. A shared 13' x 13' common laundry area includes three coin-operated washers and three coin-operated dryers. The buildings were completely rebuilt from the foundations up six years ago.

Key Highlights

  • Two commercial buildings and seven apartments included in one sale, offering diverse income streams.
  • Rebuilt from the foundations up just six years ago.
  • Prime downtown Wabash location provides high visibility.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Electrical Service Locksmith Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Two commercial buildings plus seven apartments in downtown Wabash.
Where is this mixed-use property located?
The property is located at 78 West Canal Street Wabash, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two commercial buildings and seven apartments included in one sale, offering diverse income streams.; Rebuilt from the foundations up just six years ago.; Prime downtown Wabash location provides high visibility.
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