Downtown Wabash Investment
78 West Canal Street, Wabash, IN 46992
Two commercial buildings plus seven apartments in downtown Wabash.
Type:Commercial / Mixed Use
Property size:
5,663 SFPrice / SF:
$282/SF- Added:
- Sep 11, 2025
- Days on Market:
- 263
- Last Refresh:
- Mar 13 at 4:11 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 agent John Lundquist License #RB14043566
Listing office Lundquist Appraisals & Real Estate Services, Inc (260) 571-6141
Listing date Sep 11, 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 Services, Inc
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.
- 78 W Canal Street is prepped for restaurant use with a hood system, commercial sprinklers, on‑demand gas heat, new PEX plumbing, sump pumps, grease pit, and a custom paved courtyard.
- All apartments are well‑maintained with open‑concept layouts, modern appliances, gas‑log fireplaces, gas forced‑air heat, central air, and on‑demand water heaters.
- Both commercial buildings are ADA compliant and commercially sprinkled, with full basements for storage.
Overview
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.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Wabash
- County
- Wabash
- State
- Indiana
- Longitude
- -85.8218048
- Latitude
- 40.7959719
Nearby Similar for Sale
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 $1,600,000.
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.
