Downtown Wabash Investment
78 West Canal Street Wabash, IN 46992
78 West Canal Street, Wabash, IN, 46992
$1,500,000
For Sale
$1,500,000
Two commercial buildings plus seven apartments in downtown Wabash.
Property Size5,663 SF
Price / SF$264.88
Days on Market268
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 Agency
Lundquist Appraisals & Real Estate
(260) 563-2812
Listed by
John Lundquist · License #RB14043566
(260) 563-2812
Source
Compass
Added: Oct 27, 2025 Updated: Jul 10 at 3:55 pm Checked: Jul 19 at 4:47 am
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
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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.