118 N Peters Street, Garrett, IN 46738
- Added:
- Jun 2, 2025
- Days on Market:
- 399
- Last Refresh:
- Jul 5 at 4:06 pm
Property Features for 118 N Peters Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- 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
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Tile, Wood
- Roof type
- Metal
Listing agent Alyssa Schendel License #RB18002221 (260) 515-6059
Listing office North Eastern Group Realty 10808 LaCabreah Lane, Fort Wayne, IN (260) 489-7095
Listing date Jun 2, 2025
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.
HighLights
- Historic bar with inventory included: liquor and beer, plus tables, chairs, TVs, speakers, and signage with LED lighting
- Includes a moveable 6‑way grandfathered liquor license, supporting catering and gaming events
- Brand‑new walk‑in cooler, plus antique keg cooler and state‑of‑the‑art sound and projection system
- Two income‑producing residential apartments in the building, both 2‑bedroom units, currently generating $1,450/month
- Bar and building improvements noted in the flyer; metal roof; central air; tile and wood flooring; off‑street parking
- Sale includes 6 additional lots, including one newly paved for more parking
Overview
The property is located in Garrett, Indiana and includes the historic building plus six additional lots. The remarks note one newly paved lot for additional parking, which supports on-site overflow and potential for future on-site development.
For buyers or operators seeking a combined hospitality and residential setup, the two 2-bedroom apartments provide a separate source of rental income, stated as $1,450 per month in the listing. The inclusion of bar equipment and on-premises operating components may help streamline transition for an owner-operator or an investor looking for an asset that already has a functioning bar concept and residential units within the same ownership. Transaction is for sale.
Current Use by Public Records
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Garrett
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.138375
- Latitude
- 41.351125
