Active

20 E 5th Street

Restaurant/Bar • 124Y Old
$799,000 Listed 7 months ago
0.19 Acres
Basement
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Property Description

Turnkey business opportunity with building included in the heart of downtown Peru! This thriving café and catering operation is paired with a beautifully renovated commercial building offering over 5,000 sq ft on the main level plus an unfinished second floor ready for future development. Originally renovated in 2021 with striking modern industrial finishes, the building has since been transformed into the successful home of Garden Gate Café. The former brewery space was converted into a fully operational catering headquarters, significantly expanding production and creating a strong, healthy bottom line. A hot kitchen was added to support an expanded menu featuring whole, thoughtfully sourced foods prepared fresh on-site, including artisan breads, cookies, cupcakes, muffins, and scratch-made soups. The café operates six days a week with extended hours and a loyal, established customer base. The main level features spacious dining areas, bar space, outdoor seating, and dedicated catering production space. Recent improvements include a new exterior electrical sign, added security lighting and exterior outlets, and basement upgrades with four dehumidifiers and an installed vapor barrier. The unfinished second floor provides excellent potential for apartments, condo-style living, event space, expanded dining, or additional income-producing opportunities. Sale includes the business, building, and the majority of furnishings and equipment, creating a true turnkey opportunity with future growth potential in a prime downtown location.

Directions

From Main St, turn left on Broadway, the right on 5th St.

Property
MLS # 202607131
Date Listed 2026-03-05
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Basement Yes
Annual Taxes $4,368.00
Year Taxes Payable 2025
Year Built 1902
Virtual Tour propertypanorama.com »
Days on Market 214
Homestead Year No
Room Dimensions
Den 1 × 5940 Level
Master Bedroom 3240 × 0 Level
3rd Bedroom 3 × 2 Level
External Features
Construction Restaurant/Bar
Lot Size 8,276 sq ft
Acreage 0.19 Acres
Lot Dimensions 130x65
Fence None
Location
Area Miami County
County Miami
Subdivision None
Township Peru
City Peru
State IN
Zip 46970
Financial
Assoc. Dues $0.00
Contact

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MLS# 202607131
Listing Provided Courtesy of Paul Wyman
The Wyman Group
Cell: 765-419-1021

Listing updated August 6, 2026 at 11:15 am
Last checked 12 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.