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503 E Main St 4,560 SF Retail Building Medaryville, IN 47957 $250,000 ($54.82/SF)
Investment Highlights
- Includes a rare Indiana 210 three-way liquor license with associated gaming license for pull-tabs.
- Complete commercial kitchen along with separate pizza prep space and ample cold storage.
- Expansive outdoor beer garden supports concerts, themed nights, private events, and seasonal draws.
- Fully fitted bar and dining area with tables, chairs, neon signage, televisions, and recreation amenities.
- Significant infrastructure updates with modernized systems for safety and efficiency.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
4,560 SF
Building Class
C
Year Built
1879
Price
$250,000
Price Per SF
$54.82
Business Value
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.26 AC
Frontage
22’ on Main St
About 503 E MAIN ST , MEDARYVILLE, IN 47957
The property at 503 E Main St in Medaryville is an approximately 4,500 SF hospitality venue situated within Pulaski County. It includes indoor service areas, kitchen facilities, storage, and an outdoor area conducive to gatherings. The parcel is adjacent to East Main Street, a primary local thoroughfare, providing straightforward access to U.S. Route 421 and regional roads serving Northern Indiana. The surrounding area comprises low-density residential and small businesses within a rural township context. Public utilities are available.
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 66-13-04-242-004.000-019 | Improvements Assessment | $0 |
| Land Assessment | $1,600 | Total Assessment | $1,600 |
Property Taxes
Parcel Number
66-13-04-242-004.000-019
Land Assessment
$1,600
Improvements Assessment
$0
Total Assessment
$1,600
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Presented by
Jay Pug
503 E Main St
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