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517 Locust Street

Middletown, IN 47356

ActiveListed Jul 23, 2026 · 1 day on market

Key facts

Living area
4,712 sqft
Lot
0.06 acres
Year built
1900
Type
Commercial Sale · Retail
MLS #
22115655
County
Henry
Total building area
4,712 sqft

About this home

Three Dog Saloon - Turnkey Bar & Grill Opportunity | Middletown, Indiana Now available is an exceptional opportunity to own Three Dog Saloon, a well-known staple located in the historic heart of Middletown, Indiana. Three Dog Saloon has earned a loyal following by offering great food, affordable drinks, and a welcoming atmosphere that keeps customers coming back. The business operates from 517 Locust Street and has become a popular gathering place for locals, pool leagues, and community events. This is a true turnkey operation offering a 2,356 square foot full-service bar and kitchen with a Restaurant 210 4-way liquor license (Liquor, Beer, Wine AND carryout), included with the sale! Recent updates include a new A/C (2026), a new cooling unit for the walk-in cooler (2025), all new plumbing throughout main floor, updated electrical, new floor joists, decking surface and flooring, remodeled bathrooms, and so much more. Guests consistently praise the friendly service, inviting atmosphere, and standout menu items including wings, tenderloin sandwiches, and signature appetizers. The spacious layout accommodates casual dining, entertainment, and pool leagues three nights a week, making it a destination for both regular patrons and first-time visitors. An additional 2,300 square foot 2nd floor offers huge potential for additional development. Whether you're an experienced business professional or an entrepreneur looking to own a thriving hometown establishment, Three Dog Saloon offers the ideal combination of established clientele, recognizable branding, strong income and an excellent opportunity for continued growth, all in a welcoming small-town setting! Don't miss this rare opportunity to acquire one of Middletown's favorite local establishments and continue its tradition as the community's go-to destination for great food, drinks, and entertainment.

Description provided by the listing brokerage.

Exterior

Roof
Rubber

Systems

Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
General Business

Schools

Elementary school
Shenandoah Elementary School
Middle school
Shenandoah Middle School
High school
Shenandoah High School
School district
Shenandoah School Corporation

Taxes

Estimated annual tax
$1,254 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,641per month, estimated
Principal and interest $1,437Property tax $105Insurance $100
20% · $57,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$285,000
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