Historic Bar with
For Sale
$599,999
118 N Peters Street, Garrett, IN 46738
COMMERCIAL, Garrett, IN
Property SizeContact for details
Lot Size0.07 Acres
Days on Market448
Property Features for 118 N Peters Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Directions
North on County Road 327, turn left on W. Quincy Street, Turn left onto N. Petes St.
Subdivision
Dekalb County
Standard status
Active
APN
17-09-04-228-015.000-013
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OP LOT 22 BLOCK 16, OP LOT 21, OP LOT 20, OP LOT 19, OP LOT 3, OP LOT 4
Tax Annual Amount
1577
Legal Description
OP LOT 22 BLOCK 16, OP LOT 21, OP LOT 20, OP LOT 19, OP LOT 3, OP LOT 4
Utilities
Cooling system
Central Air
Building Details
Year built
1920
Flooring type
Tile, Wood
Roof type
Metal
Listing Agency:
North Eastern Group Realty
(260) 489-7095
Listed By:
Alyssa Schendel · License #RB18002221
(260) 515-6059
Added: Jun 2, 2025
Changed: Aug 19
Last Checked: Aug 23 at 6:06AM
MLS# 202520617
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 118 N Peters Street in Garrett, Indiana, this 1920 historic commercial building combines an operating bar with two residential apartments. Each apartment has 2 bedrooms, providing a multifaceted property configuration within the same structure. The sale includes liquor and beer inventory, tables, chairs, TVs, speakers, signage with LED lighting, and a security system. Equipment includes a new walk-in cooler, antique keg cooler, and sound and projection system. The premises also feature tile and wood flooring, central air, a metal roof, and a basement.
The property includes 6 additional lots, with one newly paved for expanded off-street parking. A moveable 6-way grandfathered liquor license is included and is identified for catering and gaming events. The bar and residential components offer distinct commercial and housing uses at a single address.
The property includes 6 additional lots, with one newly paved for expanded off-street parking. A moveable 6-way grandfathered liquor license is included and is identified for catering and gaming events. The bar and residential components offer distinct commercial and housing uses at a single address.
Key Highlights
- 1920 historic building with bar and two residential apartments
- Two 2‑bedroom apartments within the property
- Moveable 6‑way grandfathered liquor license included
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46738, IN
8,183
Population
3,756
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
90%
High-School Grad
26.0 sq mi
ZIP Area
315
Density / Sq Mi
$62,212
Median Household Income
$37,137
Median Earnings
$855
Median Rent
$156,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Martin's Tavern — 115 N Randolph St, Garrett, IN 46738
- Circle K — 201 S Randolph St, Garrett, IN 46738
- Traxside Bar & Grill — 118 N Peters St, Garrett, IN 46738
- Garrett Bowl — 110 W Keyser St, Garrett, IN 46738
- shortys — 127 s randolph st, garrett, in 46738
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar business with two residential units, included furnishings, beverage inventory, and event-ready audio and projection equipment.
Where is this bar & pub located?
The property is located at 118 N Peters Street Garrett, IN.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 1920 historic building with bar and two residential apartments; Two 2‑bedroom apartments within the property; Moveable 6‑way grandfathered liquor license included
