118 N Peters Street Garrett, IN $ 649,999
118 N Peters Street
$ 649,999
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118 N Peters Street

Garrett, IN, 46738
$ 649,999
Bedrooms-- Baths2.0 Sq 3,612

Monthly Estimate*

$ 4,055

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Commercial Property for sale in Garrett, IN

for $649,999 with 2 full baths. This 3,612 square foot building was built in 1920 on a lot size of 0.07.

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!

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Commercial Active

Price

$ 649,999

Full Bath

2

Property Type

Commercial

Taxes

$ 1,576

Style

Restaurant/Bar

Lot Size

0.07

Year Built

1920

Town/City

Garrett

County/Region

De Kalb

MLS | Web ID

202520617

Features
General
Heating Gas Forced Air
Cooling Central Air
Ceiling Height 12'
Roof Metal
Parking Yes Off-Street Public
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 2
Year Built 1920
New Construction No
Subdivision None
Stories Count 2
Township Keyser
Class COMMERCIAL
Type Restaurant/Bar
Age 105
Special Features Living Space Alley Ventilating/Exhaust Fans
REO No
Status Detail 0
Area Dekalb County
City Garrett
Legal Description OP LOT 22 BLOCK 16 OP LOT 21 OP LOT 20 OP LOT 19 OP LOT 3 OP LOT 4
Agent First Name Alyssa
Agent Last Name Schendel
DOM 189
Tax Year 2025
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Exterior
Road Access City
Exterior Brick Metal
Lot Size Area 3136
Lot Dimensions 25X125
Parking Type lot
Waterfront Y/N No
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Interior
Flooring Vinyl Tile Wood
Basement/Foundation Crawl Partial Basement
Walls Drywall
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* Excluded Features
List By
Alyssa Schendel

Listing Agent

North Eastern Group Realty

Broker

alyssa@northeasterngrouprealty.com

Email

Affordability Calculator

$4,186
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
8/28/2025$649,999 0.00% Price Down
6/2/2025$650,000 Listed Price

Map


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118 N Peters Street, Garrett, IN, 46738 is a Commercial Property for sale at $649,999 with 3,612 sqft and a lot size of 0.07. 118 N Peters Street has 2.0 baths and was built in 1920. The property's zip code is 46738 which is in Garrett, IN