Listing courtesy of Leavell Real Estate · Listing agent: Mark Leavell
1 S Meridian Street
$199,000
$14.20 / sq ft
Redkey, IN 47373
- Basement
- 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