118 N Peters Street Garrett, IN 46738

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Restaurant/Bar • 105Y Old

$650,000

118 N Peters Street

0.07 Acres
Property Description

Incredible Opportunity to Own a Thriving, Turnkey Business in a Historic Location! Step right into ownership of a well-established and highly profitable bar, complete with a rare and moveable 6-way grandfathered liquor license—perfect for catering and gaming events. This sale includes all inventory (liquor and beer), a brand-new walk-in cooler, an antique keg cooler, a state-of-the-art sound and projection system, tables, chairs, TVs, speakers, signage (with bright LED lighting), and a top-notch security system.The property itself boasts a charming, well-maintained historic building with a list of improvements ( as for flyer) and comes with 6 additional lots one newly paved for more parking—offering endless possibilities for expansion or development. In addition to the bar, the building features two income-producing residential apartments (both 2-bedroom units) that currently generate $1,450/month.This fully stocked bar has long been a beloved community hub. Don’t miss your chance to own a piece of local history and a thriving business!

Directions

North on County Road 327, turn left on W. Quincy Street, Turn left onto N. Petes St.

Map to 118 N Peters Street, Garrett, IN 46738

Property
MLS # 202520617
Date Listed 2025-06-02
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Basement Yes
Annual Taxes $1,576.62
Year Taxes Payable 2025
Year Built 1920
Days on Market 33
Room Dimensions
Den 1 × 3612 Level
3rd Bedroom 2 × 2 Level
External Features
Construction Restaurant/Bar
Lot Size 3,136 sq ft
Acreage 0.07 Acres
Lot Dimensions 25X125
Fence None
Location
Area Dekalb County
County Dekalb
Subdivision None
Township Keyser
City Garrett
State IN
Zip 46738
Financial
Assoc. Dues $0.00

MLS# 202520617
Listing Provided Courtesy of Alyssa Schendel
North Eastern Group Realty
Cell: 260-515-6059

Listing updated June 2, 2025 at 12:01 pm
Last checked 4 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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