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    Griffith, IN
    Conventional Restaurant

    Griffith, IN Conventional Restaurants for Sale

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    Highland, IN Gary, IN Schererville, IN Hammond, IN Crown Point, IN Saint John, IN Dyer, IN Hobart, IN
    Renovated Restaurant with Event Patio
    Updated: Dec 12, 2024
    Renovated Restaurant with Event Patio

    840 S Broad Street, Griffith, IN 46319

    $999,970
    5,564 sqft 1.60 AC lot
    5,564‑square‑foot restaurant on 1.6 acres
    2,000‑square‑foot outdoor patio surrounded by greenery and woods
    Renovated plumbing, electrical, bathrooms, flooring, windows, doors, and HVAC systems
    Private party room and stage area for events and entertainment
    20 beer lines, two walk‑in coolers, and a walk‑in freezer
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Griffith, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Built Out Restaurant with Full Bar
    Fully Built Out Restaurant with Full Bar

    48 E JOLIET ST, Schererville, IN 46375

    Contact for pricing
    7,038 sqft

    Fully built out restaurant with a full bar, remodeled dining room in 2024, and a remodeled apartment above with tenant.

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    Restaurant Building with Apartment
    Restaurant Building with Apartment

    48 E Joliet St, Schererville, IN 46375

    Contact for pricing
    7,038 sqft

    This for-sale restaurant building totals 7,038 SF, featuring a 3,000 SF main-floor restaurant with full bar and a remodeled dining room.

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    Restaurant-Leased Income Property
    Restaurant-Leased Income Property

    2708- 2724 Highway Avenue, Highland, IN 46322

    Contact for pricing
    9,757 sqft

    Mixed-use income property with a restaurant under NNN lease plus attached residential units and a paved parking lot.

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    NNN Arby’s Restaurant Lease
    NNN Arby’s Restaurant Lease

    3915 Ridge Road ., Highland, IN 46322

    Contact for pricing

    Absolute NNN Arby’s is available with a remaining 15-year lease term and scheduled 7.5% rent increases every five years.

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    Griffith, IN Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Griffith, IN on our real estate platform. These investment opportunities span a total of 5,564 square feet of properties for sale, with an estimated market value of $999,970.

    Sale prices for conventional restaurants in Griffith, IN average $999,970 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Turn key restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) -0.6%
    Median Household Income $75,976
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Griffith submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46319 $1000K

    Taxes & Financing

    Tax Rate (average for all types) 2.69%
    Property Tax per SF $34.73 per SF
    Tax Rate vs County Average 0.37 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

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