Active

1 S Meridian Street

Restaurant/Bar • 127Y Old
$199,000 Listed 4 months ago
0.58 Acres
Basement
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Property Description

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.

Directions

Corner of Main and Meridian (State Road 1) in Redkey. Park in parking lot behind the building.

Property
MLS # 202619853
Date Listed 2026-05-23
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Basement Yes
Annual Taxes $2,762.12
Year Taxes Payable 2026
Year Built 1899
Virtual Tour propertypanorama.com »
Days on Market 136
Homestead Year No
Room Dimensions
Den 2 × 12810 Level
Master Bedroom 10000 × 154 Level
2nd Bedroom 1200 × Level
3rd Bedroom 7 × 2 Level
4th Bedroom 1 × Level
External Features
Construction Restaurant/Bar
Lot Size 25,265 sq ft
Acreage 0.58 Acres
Lot Dimensions 110X95, 85X118, 46X104
Fence None
Location
Area Jay County
County Jay
Subdivision None
Township Richland
City Redkey
State IN
Zip 47373
Financial
Assoc. Dues $0.00
Contact

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MLS# 202619853
Listing Provided Courtesy of Mark Leavell
Leavell Real Estate

Listing updated May 23, 2026 at 10:45 pm
Last checked 9 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.