Building Details

Tenancy Multi

Listing Agency: Leavell Real Estate l***@yahoo.com Show Phone

Listed By: Mark Leavell · License #RB20222312 Show Phone

Source: Exprealty

Added: May 23 Changed: Aug 20 Last Checked: Aug 29 at 12:43PM

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Investment Insights

Based on property information with market context.

Val's Bar and Grill is offered for sale as a fully operational bar and restaurant, currently providing food and drinks. The sale includes all restaurant equipment, a security system, and a safe, along with a Type 210 3-way liquor license. The property also includes a catering and carry-out endorsement, a gaming license, and a cigarette license that the buyer can apply for. Gaming and related items such as the ATM, pool table, games, jukebox, and Coke cooler are identified as third-party owned.

In addition to the bar, the building contains four studio apartments and one one-bedroom apartment, and includes a large garage rented for storage to generate additional income. The public remarks also indicate there are additional storefronts and apartments within the building that are not currently in operation, and the seller is willing to assist with a transition to new owners for up to 30 days. Seller also expresses an intent to allow current employees an opportunity to continue with new ownership.

Key Highlights

• Fully operational Val's Bar and Grill offering food, drinks, and weekly Queen of Hearts drawings
• Bar features pool table, WiFi jukebox, and a bowling game, plus participation as part of Redkey's Downtown Revitalization
• Sale includes restaurant equipment, security system, safe, and a Type 210 3‑way liquor license

Property Analytics

Property Profile

Current Use

Val's Bar & Grill Bar & Pub Chew Mail Pouch ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Barber Shop Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 47373, IN

2,015

Population

900

Households

2.2

Avg Household Size

45

Median Age

14%

College-Educated

91%

High-School Grad

31.0 sq mi

ZIP Area

65

Density / Sq Mi

$49,199

Median Household Income

$32,679

Median Earnings

$858

Median Rent

$85,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• Key Palace Theater — 123 S Meridian St, Redkey, IN 47373
• Val's Bar & Grill — 1 S Meridian St, Redkey, IN 47373

Frequently Asked Questions

What type of property is this?

Bar & Pub - Fully operational bar and grill with food and drink service plus studio, one-bedroom apartments and a rented storage garage.

Where is this bar & pub located?

The property is located at 1 S Meridian St Redkey, IN.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Fully operational Val's Bar and Grill offering food, drinks, and weekly Queen of Hearts drawings; Bar features pool table, WiFi jukebox, and a bowling game, plus participation as part of Redkey's Downtown Revitalization; Sale includes restaurant equipment, security system, safe, and a Type 210 3‑way liquor license