1 S Meridian St Redkey, IN 47373
For Sale
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This exceptional investment opportunity in Redkey, Indiana, presents a fully operational bar and grill, "Val's," complete with a Type 210 3-way Liquor License, catering and carry-out endorsement, gaming license, and cigarette license (buyer to apply). The sale includes all restaurant equipment, a security system, and a safe. Val's Bar and Grill boasts a loyal clientele, hosting weekly Queen of Hearts drawings, and serving as a regular stop for poker runs. The property also features four studio apartments, one one-bedroom apartment, and a large garage currently rented for storage, generating supplemental income. The building's significant untapped potential includes three additional storefronts and five more apartments ready for renovation and lease-up. The 0.58-acre lot provides ample space. Note that certain items such as the ATM, pool table, games, jukebox, and Coke cooler are owned by a third party and are not included in the sale. The seller is offering up to 30 days of assistance with the transition to new ownership and is open to the possibility of the current employees continuing their employment under the new owner. This property offers a unique blend of established income streams and significant upside potential for a savvy investor. Located in the heart of Redkey's revitalized downtown area, this property benefits from the collaborative spirit of the local business community.
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Val's Bar & Grill Bar & Pub Restaurant
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Chew Mail Pouch Tobacco (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
