Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Units in Gatlin Park Title is generated by Realmo AI

    1321-1325 Main St, Griffith, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two 4,880 SF industrial units available for lease.

    Type:INDUSTRIAL
    Property size:
    4,880 SF
    Lot size:
    1.20 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    187
    Last Refresh:
    May 20 at 9:44 pm

    Property Features for 1321-1325 Main St

    General Information

    Standard status
    Active
    Size
    4,880 SF
    Lot size
    1.20 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1321-1325 Main St Contact us

    We can help!

    Listing Contact
    James Buchanan
    James Buchanan

    Listing agent James Buchanan License #RB14035409

    Listing office Commercial In-Sites, LLC

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Commercial In-Sites, LLC

    HighLights

    • Two 4,880 SF units available, offering flexibility.
    • Convenient location within Gatlin Industrial Park, with easy access to Lake County and Chicago.
    • Each unit includes a 420 SF office with mezzanine storage and a 4460 SF warehouse space.
    • Each unit is equipped with 200 AMP 3 Phase electric power.
    • Each unit features a 12'x14' overhead door (OHD) for efficient loading and unloading.
    • Unit 1327 has an interior recessed loading dock that could be restored.

    Overview

    Two 4,880 SF units are available within the Gatlin Industrial Park. Unit 1327 features a 420 SF office area with mezzanine storage, a 4,460 SF warehouse area, two bathrooms, and a 12'x14' overhead door. This unit also includes an interior recessed loading dock that has been filled and capped but could be restored. It is equipped with 200 AMP 3 Phase electric. Unit 1333, an end-cap unit, offers a similar layout with a 420 SF office space including mezzanine storage, a 4,460 SF warehouse area, two bathrooms, and a 12'x14' overhead door. This unit also features 200 AMP 3 Phase electric. The property is situated on the south side of Main Street in the Gatlin Industrial Park, within the Griffith Central Business District, one block east of Colfax Street, 3 miles east of Indianapolis Boulevard, 3 3/4 miles south of I-80/94, and 5 1/2 miles east of the Illinois/Indiana border. The location provides convenient access throughout Lake County and is approximately 30 miles southeast of Chicago.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Griffith
    County
    Lake
    State
    Indiana
    Longitude
    -87.4112
    Latitude
    41.5221

    Nearby Similar for Lease

    • $3,000/Mo
      2,620 SF

      Office Space Near Ridge Road

      Office space with two rooms, convenient access to business corridor.
      315 E Ridge Road, Griffith, IN 46319
      View Details
    • $5,200/Mo
      4,200 SF

      Griffith Commercial Unit with Storage

      4200 SF commercial-industrial unit with outdoor storage and parking.
      139 Gatlin Drive, Griffith, IN 46319
      View Details
    • Contact for pricing

      Move-in Ready Clinic in Griffith

      Former urgent care clinic with 9 exam rooms for lease.
      1514 Colfax, Griffith, IN 46319
      View Details
    • Contact for pricing

      Move-in Ready Clinic in Griffith, IN

      Former urgent care clinic with 9 exam rooms available for lease.
      1514 Colfax, Griffith, IN 46319
      View Details
    • Contact for pricing

      Griffith Office Building For Rent

      Office building with flexible options and convenient highway access.
      139 S Broad St, Griffith, IN 46319
      View Details
    • $8 SF/Yr
      19,250 SF

      Warehouse Space Near I-80/94

      19,250 SF warehouse space with customizable layout available for rent.
      500 E Ridge Rd, Griffith, IN
      View Details
    • $1,750/Mo
      1,200 SF

      Office Space for Rent

      Office space available for rent in Griffith, Indiana.
      112 East Ridge Road, Griffith, IN
      View Details
    • Contact for pricing
      6,720 SF

      Griffith Flex Space Brewery Building

      6720 Sq' flex space brewery building for lease.
      1104 E Main St, Griffith, IN 46319
      View Details
    • Contact for pricing

      Turnkey Office Space in Munster

      Office space for lease on 45th Street in Munster.
      1544 W 45th St, Griffith, IN 46319
      View Details
    • Contact for pricing

      Griffith Retail Space For Rent

      Retail space available at a busy Griffith intersection.
      430 West Ridge Road, Griffith, IN 46319
      View Details

    FAQs

    What type of property is this?
    Warehouse - Two 4,880 SF industrial units available for lease.
    Where is this warehouse located?
    The property is located at 1321-1325 Main St Griffith, IN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Two 4,880 SF units available, offering flexibility.; Convenient location within Gatlin Industrial Park, with easy access to Lake County and Chicago.; Each unit includes a 420 SF office with mezzanine storage and a 4460 SF warehouse space.
    (219) 794-4343 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Buchanan
    James Buchanan
    Real Estate License ID: RB14035409
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1321-1325 Main St, Griffith, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!