1 S Meridian Street Redkey, IN $ 199,000
1 S Meridian Street
$ 199,000
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1 S Meridian Street

Redkey, IN, 47373
$ 199,000
Bedrooms-- Baths7.0 Sq 14,010

Monthly Estimate*

$ 1,225

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Commercial Property for sale in Redkey, IN

for $199,000 with 7 full baths. This 14,010 square foot building was built in 1899 on a lot size of 0.58.

Have you ever wanted to own a bar?!? Now is your chance! Val's Bar and Grill is a fully operational bar currently offering food, drinks, weekly Queen of Hearts drawings, pool table, Wifi Juke box, bowling game, and a regular stop and host of Poker Runs. It is also one of several businesses who support each other as part of Redkey's Downtown Revitalization. Sale includes all restaurant equipment, Security System, Safe, and Type 210 3-way Liquor License. Val's also has a Catering and Carry-Out Endorsement, Gaming License, and Cigarette License that Buyer can apply for. The ATM, pool table, games, jukebox, and Coke cooler are owned by a 3rd Party. In addition to the Bar, there are also 4 Studio apartments, a one bedroom apartment, and a large garage currently rented out for storage to provide additional income. There is so much more untapped potential in this building with 3 additional storefronts and 4-5 more apartments that just need someone to put the effort into bringing them back to life! Seller is willing to assist with transition to new owners for up to 30 days, and would like to give the current employees an opportunity to continue to be employed with the new owners.

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Commercial Active

Price

$ 199,000

Full Bath

7

Property Type

Commercial

Taxes

$ 2,762

Style

Restaurant/Bar

Lot Size

0.58

Year Built

1899

Town/City

Redkey

County/Region

Jay

MLS | Web ID

202619853

Features
General
Heating Electric Gas Baseboard Forced Air Wall Heater Multiple Heating Systems
Cooling Central Air Window
Ceiling Height 14
Roof Asphalt Metal
Parking Yes Gravel Lot Off-Street Street
Sewer City
# of Buildings 2
Status Active Active
Bathrooms 7
Year Built 1899
New Construction No
Subdivision None
Stories Count 2
Township Richland
Class COMMERCIAL
Present Use Bus. Included w/Property
Type Restaurant/Bar
Age 127
Business Name Val's Bar & Grill
Special Features 110 Volts 220 Volts Living Space Basement Office Space Ventilating/Exhaust Fans Refrigeration/Freezer
REO No
Status Detail 0
Area Jay County
Location City
City Redkey
Legal Description PT W 1/2 NW 1/4 PT W 1/2 NW 1/4. PT W 1/2 NW 1/4 .05A .58 PER GIS S24 T22 R12
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202619853
Agent First Name Mark
Agent Last Name Leavell
DOM 3
Tax Year 2026
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Exterior
Road Surface Asphalt
Road Access City
Exterior Brick
Lot Size Area 25265
Lot Dimensions 110X95 85X118 46X104
Parking Type Gravel
Fence Wood
Waterfront Y/N No
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Interior
Flooring Carpet Laminate Mixed
Basement/Foundation Partial Basement Outside Entrance
Walls Wood Other
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* Excluded Features
List By
Mark Leavell

Listing Agent

Leavell Real Estate

Broker

leavell.mark@yahoo.com

Email

Affordability Calculator

$1,455
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,225
Monthly Property Taxes
$230
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$199,000 Listed Price

Map


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1 S Meridian Street, Redkey, IN, 47373 is a Commercial Property for sale at $199,000 with 14,010 sqft and a lot size of 0.58. 1 S Meridian Street has 7.0 baths and was built in 1899. The property's zip code is 47373 which is in Redkey, IN