78 W Canal St

Wabash, IN 46992

$1,600,000
Price
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Beds
0.5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

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,...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.
  1. Listed by John Lundquist • Lundquist Appraisals & Real Estate • john@lundquistrealestate.com

Property Details for 78 West Canal Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 12/03/2025 05:33 PM

Property Details for 78 West Canal Street

StatusActive
MLS #202547557
Days on Market71
Taxes$13,839 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1900
Lot Size0.13 AC / 5,663 SF
CountyWabash County

Location

Listing Courtesy of Lundquist Appraisals & Real Estate
Add your commute

Building Information for 78 West Canal Street

Stories3Residences-Year Built1900Lot Size0.13 AC / 5,663 SF

Payment Calculator

$8,951 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,798

Property Taxes

$1,153

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 78 West Canal Street

Summary
Location and General Information
  • Area: Wabash County
  • City: Wabash
  • Zip Code: 46992
  • State: IN
  • Township: Noble
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Road Access: City
  • Fips Code: 18169
  • Directions To Property: North Cass St to Canal St properties on north side of the street in downtown Wabash just one block east of the honeywell Center.
  • Location: City, Historic District
Taxes and HOA
  • Annual Taxes: $13,839
  • Year Taxes Payable: 2026
  • Parcel Number Id: 85-14-11-304-230.000-009
  • Parcel Id 2: 85-14-11-304-229.000-009
  • Parcel Id 3: ----.-
Parking
  • Parking: Street
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.13
  • Lot Dimensions: 43 X 132
  • Approx Lot Size Sqft: 5663.0
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 125
  • Documents Available: Plat Map, LBP Form, Sellers Disclosure, Rent Roll
  • Planned Unit Development: No
Utilities
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Company: Indiana American Water Co
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
  • Fence: Decorative, Metal
  • Platted: Yes
  • Roof Material: Rubber
Interior Features
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: Central Air, Multiple Cooling Units
  • Flooring: Carpet, Concrete, Tile, Vinyl
  • Heating/Fuel: Gas, Forced Air, Multiple Heating Systems
  • Stories: 3
Multi Family
Multi-Family Information
  • Number of Buildings: 2

Property History for 78 West Canal Street

DateEvent & SourcePriceAppreciation
Nov 29, 2025

Listed (Active)

Indiana Regional MLS #202547557

$1,600,000—
Jul 21, 2016

Sold (Public Record)

Public Record #1132219676

$10,000—
DateEvent & SourcePrice
11/29/2025

Listed (Active)

Indiana Regional MLS #202547557

$1,600,000
07/21/2016

Sold (Public Record)

Public Record #1132219676

$10,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 78 West Canal Street

Taxable ValueLand$5,300Additions$173,500Total$178,800
Tax Record2024$5,364 ($447 / month)
Home Facts
Total Finished SqFt8,316 SqFtAbove Grade Finished SqFt8,316 SqFtStories3Lot Size2,772 SqFtStyleMiscellaneous CommercialYear Built1900CountyWABASHAPN85-14-11-304-230.000-009

Schools near 78 West Canal Street

This home is within Wabash City Schools.
Rating
School
Type
Grades
Distance
O J Neighbours Elementary School
Public - PK to 4
Wabash Middle School
Public - 5 to 8
Wabash High School
Public - 9 to 12
Emmanuel Christian School
Private - PK to 12
Rating
School
Distance
O J Neighbours Elementary School
PublicPK to 4

Wabash Middle School
Public5 to 8

Wabash High School
Public9 to 12

Emmanuel Christian School
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 78 West Canal Street, Wabash, IN 46992

78 West Canal Street is a mixed use property for sale in Wabash, IN 46992. This property was listed for sale on November 29, 2025 by Lundquist Appraisals & Real Estate, it's currently listed at $1,600,000. It has been on the market for a total of 71 days and was last sold on July 21, 2016. This listing's school district is Wabash City Schools. Nearby schools include O J Neighbours Elementary School, Wabash Middle School and Wabash High School. 78 West Canal Street is a 0-bed, 0.5-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lundquist Appraisals & Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.