Listing courtesy of North Eastern Group Realty · Listing agent: Alyssa Schendel · Cell: 260-515-6059

Active

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
Estimate your monthly payment
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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