The Frank Morse Estate: A Masterpiece Awaits Restoration
Seize the Opportunity to Restore an Architectural Icon in Wabash, IN.
History comes alive at 218 E Main Street, an imposing 1885 Italianate Victorian built for prominent banker Frank Morse.
Spanning 4,597 sq. ft. on a large corner double lot, this 19-room residence is a dream project for the true historic-home enthusiast. Priced at $185,000, this home offers the grand scale and pedigree of a bygone era.
Timeless Italianate Grandeur:
Original Masterpieces: Features a sweeping walnut staircase, three stately fireplaces, ornate wood trim, and a beautifully bracketed cornice.
Solid Foundation: Built with original brick construction and featuring a new roof installed in 2022.
Ready for Vision: The interior has been fully cleared, providing a clean slate for your restoration. A newly rebuilt covered front porch preserves its historic curb appeal.
Incentives & Stewardship:
$10,000 Completion Credit: Buyers may receive a $10,000 credit upon completion of renovations and issuance of an occupancy permit within 18 months.
Preservation Heritage: This property is protected by Indiana Landmarks Historical Covenants, ensuring this architectural gem remains a single-family, owner-occupied treasure for generations to come.
Property Highlights:
Massive Potential: 8 possible bedrooms and 4 full baths across 19 versatile rooms.
Prime Location: Situated on a 0.32-acre corner lot in the heart of Wabash, offering significant presence and privacy.
Bring your passion and your architect to restore the dignity of one of Indiana’s most impressive historic estates.
✨ Grand Italianate Victorian – A True Restoration Opportunity ✨
🏛️ Historic 19-Room Residence | Built 1885
📍 218 E Main St, Wabash, IN 46992
💰 $185,000
🛏️ 8 Bedrooms
🛁 4 Full Bathrooms
📐 4,597 Sq Ft
🌳 0.32 Acres | Corner Double Lot
🏦 Built for banker Frank Morse
🏛️ Classic Italianate architecture with commanding presence
🪵 Sweeping original walnut staircase
🔥 Three original fireplaces
🚪 Solid wood doors & ornate historic trim
🏗️ Beautifully bracketed cornice
🧱 Original brick construction
🌿 Newly rebuilt covered front porch
🏠 New roof installed 2022
🔨 Interior fully cleared — ideal blank slate for restoration
💎 Significant renovation needed, but major groundwork already complete
🏡 Perfect opportunity to restore a one-of-a-kind forever home
📜 Indiana Landmarks Historical Covenants apply
✔️ Approved exterior work required
✔️ Reasonable renovation plan required
✔️ Single-family, owner-occupied use
💵 Buyer incentive: $10,000 credit upon completion of renovations within 18 months and issuance of City of Wabash occupancy permit
From Zillow
📞 Listed by: Robert Lundquist
🏢 Lundquist Appraisals & Real Estate
📧 bob@lundquistrealestate.com
✨ A rare chance to become the steward of one of Wabash’s architectural gems and bring a magnificent Victorian back to life.
