Listing courtesy of Lundquist Appraisals & Real Estate · Listing agent: John Lundquist · john@lundquistrealestate.com
46 W Canal
$315,000
$57.57 / sq ft
Wabash, IN 46992
Original price $329,900 · Price reduced on October 4, 2026
- Basement
- 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
Similar homes
$250,000
3711 W Mill Street
Wabash, IN 46992
- 2 baths
Listing courtesy of Lundquist Appraisals & Real Estate

