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    Garrett, IN
    Mixed-Use

    Garrett, IN Mixed-use Properties for Sale

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    Auburn, IN Avilla, IN Laotto, IN Huntertown, IN Kendallville, IN Waterloo, IN Fort Wayne, IN Leo, IN
    Historic Bar With Apartment Income
    Updated: Jul 21
    Historic Bar With Apartment Income

    118 N Peters St, Garrett, IN 46738

    $599,999
    3,612 sqft
    3,612‑square‑foot historic building constructed in 1920
    Moveable 6‑way grandfathered liquor license
    Two income‑producing 2‑bedroom apartments
    Six additional lots included with the property
    One additional lot newly paved for parking
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    This listing looks promising.

    Here's a quick look at some key insights for

    118 N Peters St, Garrett, IN 46738

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Mortgage

      $102K
      Apr 2024
    View Property Analytics
    Historic Bar with Apartments
    Updated: Jun 2, 2025
    Historic Bar with Apartments

    118 N Peters Street, Garrett, IN 46738

    $599,999
    0.07 AC lot
    1920 historic building with bar and two residential apartments
    Two 2‑bedroom apartments within the property
    Moveable 6‑way grandfathered liquor license included
    6 additional lots, including one newly paved for parking
    New walk‑in cooler, antique keg cooler, and sound and projection system
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Garrett, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Two-Story Mixed-Use Building
    Remodeled Two-Story Mixed-Use Building

    106 N Orange Street, Albion, IN 46701

    $290,000
    0.07 AC lot

    Brick commercial property with flexible office, retail, and upper-level space in central Albion.

    View details
    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    100 E Main Street, Albion, IN 46701

    $289,000
    0.04 AC lot

    Long-term coffee shop lease, flexible second-floor area, and apartment create a varied three-level configuration.

    View details
    Downtown Mixed-Use Retail Building
    Downtown Mixed-Use Retail Building

    214 S Main Street, Kendallville, IN 46755

    Contact for pricing
    15,249 sqft

    Mixed-use building with two retail storefronts and three occupied apartments above.

    View details
    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    211/213 S Main Street, Kendallville, IN 46755

    $194,900
    0.14 AC lot

    Historic commercial property with a restored facade, flexible street-level space, and unfinished apartment layouts above.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mixed-Use Development Land Opportunity
    Mixed-Use Development Land Opportunity

    17313 Lima Road, Huntertown, IN 46748

    $350,000
    5.00 AC lot

    5-acre mixed-use development parcel in Huntertown, IN with site plans available upon request.

    View details
    Commercial Land Development Site
    Commercial Land Development Site

    6715 Bass Road, Fort Wayne, IN 46818

    $1,230,999
    2.21 AC lot

    Sizable Bass Road parcel near established retail, office, and entertainment activity.

    View details
    In-City Development Land Parcel
    In-City Development Land Parcel

    Redding Road, Angola, IN 46703

    $134,900
    7.22 AC lot

    7.22-acre parcel within Angola city limits, adjacent to park and school property, with city utilities within reach.

    View details
    Commercial Land Near US 30
    Commercial Land Near US 30

    W Connexion Way lot: 2, Columbia City, IN 46725

    $175,000
    0.80 AC lot

    Development-ready parcel in Armstrong Park with convenient access to US 30 and nearby retail context.

    View details

    Garrett, IN Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Garrett, IN on our real estate platform. These investment opportunities span a total of 3,612 square feet of properties for sale, with an estimated market value of $1,199,998.

    Sale prices for multi use buildings in Garrett, IN average $599,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,462
    Population Growth (5Y) -1.0%
    Median Household Income $62,212
    College Educated 20.8%

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $29.39 per SF
    Tax Rate vs County Average 0.47 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in DeKalb County

    New Delisted

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