Historic Wedding
New
For Sale
$769,000
101 E Main Street, Griffith, IN 46319
Commercial Sale, Griffith, IN
Property Size2,750 SF
Lot Size0.08 Acres
Price / SF$279.64
Days on Market1
Property Features for 101 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Rooms
Basement
Parking
40
Interior features
Cathedral Ceiling(s), High Ceilings
Basement
Finished
Subdivision
Dwiggins Add
Directions
RIGHT ON THE CORNER OF BROAD & MAIN / DOWNTOWN GRIFFITH
Standard status
Active
APN
451102126001000006
Size
2,750 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DWIGGINS ADD. L.11 BL.3
Tax Annual Amount
4748
Legal Description
DWIGGINS ADD. L.11 BL.3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Water source
Public
Amenities
mezzanine
cathedral ceilings
National Register of Historic Places
Building Details
Year built
1908
Listing Agency:
BHHS Executive Realty
(219) 663-1986
Listed By:
David Harkabus · License #RB14042838
(219) 313-1669
Added: Oct 10
Last Checked: Oct 10 at 11:06PM
MLS# 846661
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 101 E Main Street in Griffith, this 2,750-square-foot masonry property is configured as an event venue. Interior features include cathedral ceilings, a mezzanine, a kitchen and a bar area. The property is listed on the National Register of Historic Places and has been restored for contemporary use. Public water and sewer serve the site, which also includes a basement.
An outdoor event area features concrete pads for tables and maintenance-free turf. The site encompasses 0.08 acres in downtown Griffith, with restaurants, breweries, coffee shops, bars and retail shops within walking distance. The property is identified for sale, and the parcel to its south is also available.
An outdoor event area features concrete pads for tables and maintenance-free turf. The site encompasses 0.08 acres in downtown Griffith, with restaurants, breweries, coffee shops, bars and retail shops within walking distance. The property is identified for sale, and the parcel to its south is also available.
Key Highlights
- 2,750‑square‑foot event venue
- Listed on the National Register of Historic Places
- Outdoor event space with concrete table 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.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Wedding venue - An outdoor event area complements the building’s banquet and gathering space.
Where is this wedding venue located?
The property is located at 101 E Main Street 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: 2,750‑square‑foot event venue; Listed on the National Register of Historic Places; Outdoor event space with concrete table pads and maintenance‑free turf
