$599,999

118 N Peters Street, Garrett IN, 46738-1130

Price per sqft$166.11

Built in1920

Property size3,612 sqft

Property typeCommercial

Overview

Active

Updated 7 days ago

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!

Additional information

MLS^® ID: 202520617

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.07 Acres

Other Property Details

Taxes: $1,577
Tax Frequency: Annually
Furnished: Yes

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 9/24/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Data last updated 3:40 AM UTC, 9/24/2026

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