$153,000

Spanning nearly 3,700 square feet across two grand levels, this Indiana Queen Anne offers an incredible canvas for a full-scale restoration. While systems, finishes, and surfaces require significant updates, its architectural soul remains intact—highlighted by detailed original trim, portions of the historic staircase, and two magnificent oak fireplace mantels. Key structural investments are already underway, including custom-fitted Anderson replacement windows thoughtfully crafted to match original sash designs on the main level.

Porch featured at 196 E Main St, Wabash, IN, 46992

Realtor Comments

Ready for Revival

Built in the 1890s, this Queen Anne–style landmark in Wabash offers the opportunity to bring a remarkable piece of local history back to life. The home recently underwent many exterior improvements to restore its historic character and now awaits a buyer that can undertake a full renovation inside.

Originally built as a duplex, the layout includes two kitchens, two dining rooms, two living rooms, two bathrooms, and six second-floor bedrooms—providing flexibility to restore it as a two-unit residence or reconfigure the property into a spacious single-family home. A full basement, attached two-stall garage, and a large third-floor attic offer storage or space for expansion. Floor plans are available for the home.

Property will be sold subject to preservation covenants held by Indiana Landmarks which require approval of future exterior changes. Buyers will need pre-approval for both acquisition and renovation costs. A restoration plan must be submitted and approved prior to offer acceptance by the Indiana Landmarks’ board of directors. As an added incentive, a $10,000 credit is available once the renovations are completed within 18 months of purchase and city of Wabash issues an occupancy permit.

6bd
.5ba
3,692sqft
6,055sqft lot
Circa 1890

More Indiana Properties

Porch featured at 196 E Main St, Wabash, IN, 46992

196 E Main St, Wabash, IN 46992 $153,000

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

-Contact Realtor: Robert Lundquist

Brokered by Lundquist Appraisals & Real Estate Services, Inc

-Google Maps

-Niche

Porch featured at 196 E Main St, Wabash, IN, 46992

The Pros

Highly Affordable Living & Housing: Housing costs in Wabash are exceptionally budget-friendly, sitting well below both state and national averages. It is an easy market for first-time buyers, growing families, or retirees to purchase a home without heavy mortgage debt.
Revitalized Historic Downtown: Unlike many midwestern small towns that have struggled, Wabash has invested heavily in its downtown core. The area features restored architecture, the landmark Honeywell Center (a venue host to concerts and theater), local boutiques, cozy coffee shops, and independent restaurants.
Low Crime & Safe Environment: Wabash generally maintains a quiet, safe, family-oriented environment with crime rates lower than state averages, offering peace of mind for residents.
Outdoor Recreation & Nature: Nearby attractions like Salamonie Lake and Mississinewa Reservoir provide ample options for boating, fishing, camping, and hiking. Local parks along the Wabash River offer scenic green spaces close to home.
Short Commutes: Traffic is virtually non-existent, with the average commute taking under 20 minutes. Larger regional hubs like Fort Wayne (about 45 miles northeast) and Marion are easily accessible for additional job opportunities, medical hubs, or airport travel.

The Cons

Limited Local Economy & Career Advancement: While there are manufacturing, healthcare, and agricultural jobs locally, options for high-paying corporate, specialized tech, or creative roles are limited. Many professionals end up commuting to Fort Wayne or working remotely.
Lack of Big-Box Stores & Specialized Healthcare: While downtown has great local shops, major commercial chains, large department stores, and specialized medical care centers require a drive to Fort Wayne or Kokomo.
Quiet Nightlife & Social Scene: Entertainment leans heavily toward family-friendly events and community gatherings. Young adults or singles looking for a vibrant nightlife, active dating pool, or late-night dining options will likely find the pace too slow.
Car-Dependent: Outside of the compact downtown grid, daily life requires a personal vehicle. Public transportation options are minimal.
Cold Midwestern Winters: Winters bring chilly temperatures, snowfall, and grey days, requiring winter gear, heating prep, and snow removal equipment.