Listing courtesy of Lundquist Appraisals & Real Estate · Listing agent: John Lundquist · john@lundquistrealestate.com

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ActiveMixed Use

46 W Canal

$315,000

$57.57 / sq ft

Wabash, IN 46992

Original price $329,900 · Price reduced on October 4, 2026

  • Basement
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Bathrooms
2
Lot
0.06 ac
Year built
1900
Type
Mixed Use
Listed
July 14, 2026
MLS #
202628133

About this home

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.

Property details

Interior

Stories
2
Finished area above grade
5,472 sq ft
Basement
Full, Unfinished
Flooring
Mixed
Heating
Natural Gas, Forced Air
Cooling
Central Air

Exterior & parking

Construction
Brick
Roof
Rolled/Hot Mop
Parking
Gravel, Private, Public Parking, On Street
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.06 ac
Lot dimensions
19 x 132
Location type
City
County
Wabash County
Township
Noble
Current use
Restaurant
Road frontage
City Street
Platted
Yes
Planned unit development
No
Directions
Cass st south through Wabash to Canal St continue to address, Downtown Wabash IN

Taxes & terms

Annual taxes
$3,492
Tax year
2025
Tax abatement
No
Possession
DOC
Parcel number
85-14-11-304-237.000-009

Included in the sale

Included in sale
Building,Business,Furniture,Inventory

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Parking spaces
2

Location

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