Opportunity awaits at 105 Olive Street in Wabash! This well-maintained, one-story metal commercial building, built in 1992, offers approximately 3,990 square feet of flexible space just minutes from downtown. Previously utilized as office space, the property features three spacious classrooms, two kitchenettes, four restrooms, and ample room to accommodate a variety of business, educational, nonprofit, or professional office uses. Outside, you'll find a dedicated parking lot for staff and visitors, along with a fully fenced backyard that includes a playground set, which can remain with the property. If you're looking for a versatile commercial building with room to grow, this property is ready for its next chapter.
Exceptional opportunity to own a well-established, turnkey business in the heart of beautiful downtown Wabash! The sale includes the thriving Pizza King restaurant and a spacious upper-level apartment that is currently being completely renovated. Renovations are expected to be completed by the end of the month, and the apartment photos reflect the current stage of construction. The restaurant is fully equipped and ready for continued operation, featuring two 60" Blodgett stone deck ovens, a Manitowoc ice maker, ThermoAir make station, 5' x 7' Hobart walk-in cooler, and a GE vertical deep freezer. The 17' x 30' dining area offers eight booths, five tables, digital menu boards, a fountain beverage station, and two large display windows that provide additional seating and excellent downtown views. Recent exterior improvements include a newly painted front facade, new Pizza King logo awning, and new burners, reflector plates, and thermocouples in both pizza ovens. Once complete, the upper-level apartment will offer outstanding owner-occupancy or rental potential with all-new heating and cooling, an electric water heater, PEX plumbing, fresh paint, brand-new cabinetry, and more. The spacious open-concept living area features soaring ceilings and a beautiful exposed brick accent wall, along with two bedrooms, two full baths, a flexible third room ideal for an office, bedroom, or storage room. Rear alley access with parking. Don't miss this opportunity to own a successful, established restaurant paired with a soon-to-be beautifully renovated apartment in downtown Wabash.
Exceptional commercial opportunity in a prime downtown location! Situated prominently on the corner of Wabash Street and West Market Street, this attractive historic building offers over 11,000 square feet of space across four levels and is ready for its next chapter. Previously operated as a bar, the property features finished space on the main and second floors with numerous possibilities for future business use. The main level includes an impressive 18' x 47' entertainment room with display windows, vinyl flooring, a stage, and a newer mini-split system. Behind the stage is access to the basement and an ADA-compliant 7' x 9' restroom. Adjacent to the entertainment space is a spacious 50' x 18' bar area featuring ceramic tile flooring, a large bar, and a unique sound-activated cloud ceiling. Also on the main level are a 20' x 5' prep room with ceramic tile flooring, a 5' x 9' restroom, and a 14' x 18' private office complete with a fireplace and original built-in cabinetry that enhance the building's historic character. The second-floor loft area measures approximately 49' x 18' and also features the sound-activated cloud ceiling, a 7' x 5' restroom, and a 13' x 19' kitchen. Access from the kitchen leads to the upper levels. The third floor offers multiple rooms that could be utilized as storage or office space, while the fourth floor is currently unfinished and ready for renovation, providing excellent potential for additional usable square footage. For entrepreneurs interested in reopening the property as a bar, the building is located within the Historic Riverfront District, where a liquor license is readily available for approximately $1,000/per year. The previous bar layout was approved for an occupancy capacity of 73. With its highly visible corner location, historic character, expansive floor plan, and flexible layout, this property presents an exceptional opportunity in the heart of downtown Wabash.
Bring your vision to life! Looking for lots of storage and a potential office? Or want to use part of it and redevelop or split the property? This property contains around 1.372 acres. Several buildings and lots of inside and covered storage area. The main original office area is about 30’ x 45’, all the interior including the floor structure has been removed and awaiting your vision for a new purpose. This building also has an open floored 2nd floor. Behind the office area is an open courtyard area that’s about 45’ x 48’ that has some framed in area that’s been partially removed. Adjoining the office area and courtyard area is a covered drive through bay to access the buildings behind. There is approximately 16,000 sq ft of 2 story covered material storage areas. Next there is a 21’ x 45’ old historic brick & block building originally used as a wood working shop. There is also a 24’ x 90’ wood frame mostly open building with a 24’ x 90’ lower-level storage area. The open area between all these storage areas and buildings is concrete. Across the now vacated Huntington street is 6 lots that could be redeveloped for new housing options. They now contain an older 72’ x 72’ pole building with high ceiling height and several slider doors and an old 40’ x 50’ concrete block building with an 18’ x 50’ covered lean to addition. Lots of potential access as the entire property fronts Sinclair street and the east side fronts on Allen Street. Come take a look!
Fully leased and generating immediate income, this mixed-use investment opportunity is ideally positioned in the heart of downtown Wabash. Offering a strong in-place cash flow with additional upside potential, the property currently produces $42,120 in annual gross income, with the lower-level apartment leased at $1,160/month (with minor concessions), the upper apartment at $850/month, and the main-level commercial space at $1,500/month. The building features approximately 1,452 square feet of commercial space on the main level, complete with an open work area, conference room, kitchenette, and half bath, while the upper unit offers a 3-bedroom, 1-bath apartment with a private entrance, and the lower level includes a fully renovated 2-bedroom, 1-bath apartment. Significant updates completed approximately two years ago enhance the property’s appeal and reduce maintenance concerns, including updated plumbing, HVAC systems, electrical, and vinyl replacement windows throughout, along with renovations to both the lower apartment and commercial space featuring modern finishes. Each unit benefits from separate utilities and mechanical systems, contributing to a low-maintenance investment profile. With fully occupied tenancy and tenants who prefer to remain, this property provides reliable income from day one. In addition to its current performance, the property presents clear value-add opportunities. The upper apartment offers potential for increased rent with minor cosmetic updates, while the commercial space is currently below market rate, creating an opportunity to further improve net operating income. With immediate cash flow, solid fundamentals, and a straightforward path to enhanced returns, this is an exceptional investment opportunity in a prime downtown location.
Motivated Seller – Prime Commercial Property Opportunity in Wabash County. This is a rare opportunity to acquire commercial property and land in a highly sought-after location in Wabash County. Situated at the intersection of SR 15 and SR 13, the property benefits from high daily traffic volume, offering excellent visibility and the potential to drive significant business growth. The existing 4,650 sq. ft. building provides a flexible space that can be customized to suit a variety of uses, including retail, office, storage, or a combination of all three. The building was previously home to Kitchen's Plus for many years, making it well-suited for a wide range of commercial operations. In addition to the building, the property includes 1.64 acres of land, providing ample space to develop your ideal business layout or expand as needed. Key features of the property include a durable metal roof, private parking, two half baths, and numerous rooms ready for customization to meet your business needs. This prime location and versatile property offer tremendous potential to enhance your real estate portfolio. Don't miss out on the opportunity to bring your vision to life in one of the most desirable commercial areas in Wabash County.
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.
Wabash is located in Indiana. Wabash, Indiana has a population of 10,420. Wabash is less family-centric than the surrounding county with 26.24% of the households containing married families with children. The county average for households married with children is 26.52%.
The median household income in Wabash, Indiana is $47,132. The median household income for the surrounding county is $59,611 compared to the national median of $69,021. The median age of people living in Wabash is 41.1 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 40.6 inches per year, with 27.6 inches of snow per year.
