Listing courtesy of Leavell Real Estate · Listing agent: Mark Leavell

Virtual tour
Active

1 S Meridian Street

$199,000

$14.20 / sq ft

Redkey, IN 47373

  • Basement
Estimate your monthly payment
Bathrooms
7
Lot
0.58 ac
Year built
1899
Type
Commercial Sale
Listed
May 23, 2026
MLS #
202619853

About this home

Have you ever wanted to own a bar?!? Now is your chance! Val's Bar and Grill is a fully operational bar currently offering food, drinks, weekly Queen of Hearts drawings, pool table, Wifi Juke box, bowling game, and a regular stop and host of Poker Runs. It is also one of several businesses who support each other as part of Redkey's Downtown Revitalization. Sale includes all restaurant equipment, Security System, Safe, and Type 210 3-way Liquor License. Val's also has a Catering and Carry-Out Endorsement, Gaming License, and Cigarette License that Buyer can apply for. The ATM, pool table, games, jukebox, and Coke cooler are owned by a 3rd Party. In addition to the Bar, there are also 4 Studio apartments, a one bedroom apartment, and a large garage currently rented out for storage to provide additional income. There is so much more untapped potential in this building with 3 additional storefronts and 4-5 more apartments that just need someone to put the effort into bringing them back to life! Seller is willing to assist with transition to new owners for up to 30 days, and would like to give the current employees an opportunity to continue to be employed with the new owners.

Property details

Interior

Stories
2
Finished area above grade
14,010 sq ft
Basement
Partial, Outside Entrance
Flooring
Carpet, Laminate, Mixed
Heating
Electric, Natural Gas, Baseboard, Forced Air, Wall Heater, Multiple Heating Systems
Cooling
Central Air, Window Unit(s)

Exterior & parking

Construction
Brick
Roof
Asphalt, Metal
Parking
Gravel, Parking Lot, Off Street, On Street
Fencing
Wood
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot size (acres)
0.58 ac
Lot dimensions
110X95, 85X118, 46X104
Location type
City
County
Jay County
Township
Richland
Cross street
Main
Current use
Bar, Restaurant
Road frontage
City Street
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
Corner of Main and Meridian (State Road 1) in Redkey. Park in parking lot behind the building.

Taxes & terms

Annual taxes
$2,762
Tax year
2026
Tax abatement
No
Listing terms
Cash, Conventional
Possession
DOC
Parcel number
38-09-24-202-001.000-031

Included in the sale

Included in sale
Building,Business,Furniture,Land,Inventory

Utilities

Water
City
Sewer
Public Sewer
Utilities
Electric Hook-Up, Gas Hook-Up, Mun. Sewer to Site, Mun. Water to Site
Electric provider
AEP/I&M
Gas provider
CenterPoint Energy
Water provider
Town of Redkey
Cable / internet provider
Comcast/Xfinity

Income & commercial

Electric meters
1
Water meters
2
Ceiling height
14

Location

Loading map...

$199,000

7 baths