78 & 80 W Canal
Wabash, IN, 46992 $ 1,600,000
Bedrooms-- Baths8.0 Sq 19,932 Monthly Estimate*
$ 9,851
for $1,600,000 with 8 full baths. This 19,932 square foot building was built in 1900 on a lot size of 0.13.
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 basementideal 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 courtyardperfect for outdoor dining or entertainmentand 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.
See more
FeaturesGeneralHeating Gas Forced Air Multiple Heating Systems
Cooling Central Air Multiple Cooling Units
Ceiling Height 14'
Roof Rubber
Parking Yes Street
Sewer City
# of Buildings 2
Status Active Active
Bathrooms 8
Year Built 1900
New Construction No
Subdivision None
Stories Count 3
Township Noble
Class COMMERCIAL
Present Use Investment Property
Type Mixed Use
Age 125
Special Features Living Space Alley Basement Display Window(s) Office Space
REO No
Status Detail 0
Area Wabash County
Location City Historic District
City Wabash
Legal Description OP W 21' LOT 33 and OP E 22' LOT 34
Virtual Tour https://view.ricoh360.com/1c7a4307-305d-46ee-8ba1-72a54d603090?type=compact
Agent First Name John
Agent Last Name Lundquist
DOM 58
Tax Year 2026
See more
ExteriorRoad Access City
Exterior Brick
Lot Size Area 5663
Lot Dimensions 43 X 132
Parking Type On Street
Fence Decorative Metal
Waterfront Y/N No
See more
InteriorFlooring Carpet Concrete Tile Vinyl
Basement/Foundation Full Basement Unfinished
Walls Drywall
See more
* Excluded FeaturesList ByJohn LundquistListing Agent
Lundquist Appraisals & Real EstateBroker
john@lundquistrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,851
- Monthly Property Taxes
- $1,153
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Wabash, IN
Average List Price $597,475
Percent of Sale Price 63%
About Wabash, IN 10,670 Population
-10% Since 2002
$ 43,002 Median Income
41.21 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/29/2025 | $1,600,000 | | Listed Price |