Listing courtesy of North Eastern Group Realty · Listing agent: Alyssa Schendel · Cell: 260-515-6059
118 N Peters Street
$599,999
$166.11 / sq ft
Garrett, IN 46738-1130
Original price $650,000 · Price reduced on February 17, 2026
- Basement
- Bathrooms
- 2
- Lot
- 0.07 ac
- Year built
- 1920
- Type
- Commercial Sale
- Listed
- June 2, 2025
- MLS #
- 202520617
About this home
Incredible Opportunity to Own a Thriving, Turnkey Business in a Historic Location! Step right into ownership of a well-established and highly profitable bar, complete with a rare and moveable 6-way grandfathered liquor license—perfect for catering and gaming events. This sale includes all inventory (liquor and beer), a brand-new walk-in cooler, an antique keg cooler, a state-of-the-art sound and projection system, tables, chairs, TVs, speakers, signage (with bright LED lighting), and a top-notch security system.The property itself boasts a charming, well-maintained historic building with a list of improvements ( as for flyer) and comes with 6 additional lots one newly paved for more parking—offering endless possibilities for expansion or development. In addition to the bar, the building features two income-producing residential apartments (both 2-bedroom units) that currently generate $1,450/month.This fully stocked bar has long been a beloved community hub. Don’t miss your chance to own a piece of local history and a thriving business!
Property details
Interior
- Stories
- 2
- Finished area above grade
- 3,612 sq ft
- Basement
- Crawl Space, Partial
- Flooring
- Vinyl, Wood
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
Exterior & parking
- Construction
- Brick, Metal Siding
- Roof
- Metal
- Parking
- Off Street, Public Parking
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot size (acres)
- 0.07 ac
- Lot dimensions
- 25X125
- County
- Dekalb County
- Township
- Keyser
- Road frontage
- City Street
- Lots
- 22
- Platted
- Yes
- Planned unit development
- No
- Directions
- North on County Road 327, turn left on W. Quincy Street, Turn left onto N. Petes St.
Taxes & terms
- Annual taxes
- $1,577
- Tax year
- 2025
- Tax abatement
- No
- Possession
- At closing
- Parcel number
- 17-09-04-228-015.000-013
Included in the sale
- Included in sale
- Building,Furniture,Inventory,License Included
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Water meters
- 2
- Ceiling height
- 12'
Location
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- 12 baths
Listing courtesy of Weichert Realtors - Hoosier Heartland
