503 E Main St - Restaurant FOR SALE


Medaryville, IN 47957
$250,000 USD
312-833-1449
503 E Main St, Medaryville, IN for Sale
$250,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

503 E Main St
Medaryville, IN 47957


HIGHLIGHTS

  • Includes a rare Indiana 210 three-way liquor license with associated gaming license for pull-tabs.
  • Fully fitted bar and dining area with tables, chairs, neon signage, televisions, and recreation amenities.
  • Complete commercial kitchen along with separate pizza prep space and ample cold storage.
  • Significant infrastructure updates with modernized systems for safety and efficiency.
  • Expansive outdoor beer garden supports concerts, themed nights, private events, and seasonal draws.

OVERVIEW

Step into an established hospitality destination with a built-in following at The Peak HonkyTonk Saloon in Medaryville, Indiana. Offered as a turn-key asset sale for $250,000, this property delivers operational readiness and a loyal customer base cultivated over years of community engagement. The facility spans roughly 4,500 SF and includes a fully equipped bar, spacious dining areas, a dedicated event setup, and an expansive outdoor beer garden—perfect for seasonal entertainment. Key infrastructure and equipment upgrades have been completed, including a full sprinkler system, updated electrical, plumbing, furnace, and water heater. Highlights include a rare Indiana 210 three-way liquor license with gaming rights, multiple flat screens, two billiard tables, neon signage, complete bar fixtures, and an industrial-grade kitchen supported by a pizza room, walk-in cooler, multiple freezers, and comprehensive prep facilities. The Peak stands out for its strong local reputation and its role as a favored stop for motorcycle enthusiasts and car clubs exploring Northern Indiana’s scenic backroads. This strong affinity ensures consistent patronage, while the outdoor area creates lucrative opportunities for live music, bike nights, special events, and more. With minimal competition in the immediate area, easy access via U.S. Route 421, and a supportive community, this asset offers significant upside for hospitality operators or investors ready to leverage an authentic rural Indiana experience.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1879

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,500 SF

ZONING

-

APN/PARCEL ID

66-13-04-242-004.000-019

ASK ABOUT THIS PROPERTY

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312-833-1449

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Jay PugJay PugMore Info
312-833-1449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.