Historic Event Venue with Outdoor
For Sale
$769,000
101 E Main St, Griffith, IN 46319
Restored masonry interiors feature a kitchen, bar area, mezzanine, and cathedral ceilings.
Property Size2,750 SF
Price / SF$279.64
Days on Market15
Property Features for 101 E Main St
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Liquor License
Yes
Building Details
Year Built
1908
Buildings
1
Construction
masonry
Listing Agency:
BHHS Executive Realty
Listed By:
David Harkabus · License #RB14042838
(219) 313-1669
Source:
Jason.northwestindianahomelistings
Added: Oct 5
Changed: Oct 16
Last Checked: Oct 19 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Executive Realty
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Investment Insights
Based on property information with market context.
This restored masonry building is configured as an event venue, with an interior kitchen and bar area, cathedral ceilings, and a mezzanine. The property also includes an outdoor event area with concrete pads and maintenance-free turf. A three-way liquor license is in place.
Located at Main and Broad in downtown Griffith, the building is listed on the National Register of Historic Places. Its existing event setup and physical features support a range of gathering formats, while the interior kitchen, bar, and outdoor area provide distinct spaces for events and dining.
Located at Main and Broad in downtown Griffith, the building is listed on the National Register of Historic Places. Its existing event setup and physical features support a range of gathering formats, while the interior kitchen, bar, and outdoor area provide distinct spaces for events and dining.
Key Highlights
- Listed on the National Register of Historic Places
- Three‑way liquor license
- Outdoor area with concrete pads and maintenance‑free turf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,738
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,760
$1.1M
Cap Rate 7%
$767,686
$767.7K
Cap Rate 9%
$597,089
$597.1K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$74.3K $27.00/SF
− Vacancy
−$2.6K −$0.95/SF
EGI
$71.7K $26.06/SF
− OpEx
−$17.9K −$6.51/SF
NOI
$53.7K $19.54/SF
Area
Lake County, IN
Vacancy
3.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,760
Cap Rate 7%
$767,686
Cap Rate 9%
$597,089
Alternative Uses
Best Use
Specialty Retail
$767.7K
$671.7K – $895.6K
NOI $53,738 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 46319, IN
18,108
Population
7,904
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
1,886
Density / Sq Mi
$75,976
Median Household Income
$42,239
Median Earnings
$1,162
Median Rent
$194,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Wedding venue - Restored masonry interiors feature a kitchen, bar area, mezzanine, and cathedral ceilings.
Where is this wedding venue located?
The property is located at 101 E Main St Griffith, IN.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Listed on the National Register of Historic Places; Three‑way liquor license; Outdoor area with concrete pads and maintenance‑free turf
