Listed with John Lundquist, Lundquist Appraisals & Real Estate, john@lundquistrealestate.com

Price $1,600,000
Status Active
Size 1,200 sqft
Lot Size 5,663 sqft
Days on Market 0
Incredible investment opportunity in downtown Wabash! This exceptional offering includes two commercial buildings plus seven well-maintained apartments, all selling together. Whether you're looking to expand your business, launch a new venture, or secure income-producing residential units, this property delivers unmatched versatility and potential. 80 W Canal Street - This 20' x 60' commercial space is move-in ready for a new or expanding business. With large display windows, beautiful hardwood floors, and 14 ft. ceilings, the storefront offers excellent visibility and inviting character. The building is commercially sprinkled and includes a half bath, storage room, and a clean full basement"”ideal for additional storage. ADA compliant. 78 W Canal Street - An impressive 123' x 19' building, currently a white-box space prepped for restaurant use and ready for your final vision. 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 excellent storage, and alley access enhances functionality. Outside features include a custom paved courtyard"”perfect for outdoor dining or entertainment"”and an exterior grease pit already in place. Seven Apartments Included - 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 for added convenience. A shared 13' x 13' common laundry area includes three coin-operated washers and three coin-operated dryers. This is a rare opportunity to own a versatile, income-producing property in an unbeatable downtown location. These buildings not only offer the space, infrastructure, and potential to make it all happen they were completely rebuilt from the foundations up just six years ago the investor/owner spared no expense ensuring these structures were ready for another 100 years of service, You have likely not seen historic downtown buildings in literally new construction condition elsewhere, a complete breakdown of the renovation is available.
Property Type(s): Commercial
Last Updated 11/29/2025 Tract None
Year Built 1900 County Wabash

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Water Heater, Water Softener
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Brick
HEAT Forced Air, Natural Gas
LOT 5663 sq ft
LOT DIMENSIONS 43 X 132
PARKING On Street
SEWER Public Sewer
STORIES 3
SUBDIVISION None
TAXES 13839
WATER Public
Listed with John Lundquist, Lundquist Appraisals & Real Estate, john@lundquistrealestate.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 11/29/25 6:14 PM PST
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This IDX solution is (c) Diverse Solutions 2025.

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