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Restaurant Building with Outdoor Patio
New
For Sale
$964,900

840 S Broad Street, Griffith, IN 46319

Commercial Sale, Griffith, IN

Property Size5,564 SF
Lot Size1.23 Acres
Price / SF$173.42
Days on Market2

Property Features for 840 S Broad Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning RTAIL
Directions Take Ridge Rd. East to Broad South
Subdivision Indiana - Griffith
Standard status Active
APN 451102352009000006
Lot size 1.23 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 12527

Utilities

Cooling system Central Air

Building Details

Year built 1964
Floors in Building 1
Buildings 1
Listing Agency: EXIT Strategy Realty · EXIT Realty
Listed By: Nick Libert
Added: Nov 5 Last Checked: Nov 6 at 12:06PM
MLS# 12800952

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Configured for restaurant and bar operations, the building contains approximately 5,564 square feet on 1.232 acres. Its interior includes a primary dining room, a separate private dining and entertainment room, and a bar; the two dining areas seat more than 150 guests combined. A covered outdoor patio of approximately 2,000 square feet adds seating for more than 100. The property also has approximately 100 parking spaces.

Renovation work included plumbing and electrical upgrades, bathrooms, flooring, windows, doors, and four HVAC units with new ductwork. The property is on South Broad Street in Griffith, with access to Cline Avenue and the I-80/94 corridor. The sale covers the real estate only; the operating business is excluded. Some restaurant or bar equipment may be available through separate negotiation. Zoning is RTAIL.

Key Highlights

  • Restaurant and bar layout with two dining areas and an established bar
  • Approximately 5,564 square feet on 1.232 acres
  • Dining areas together accommodate more than 150 guests

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shipwreck Bar & Grill Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Restaurant Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Restaurants in Lake County, IN

$253 Jul
$219 Aug
$193 Sep
$191 Oct

Properties on Market for Restaurants in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Restaurant - The dining rooms, bar, and outdoor seating support food-service and event operations.
Where is this restaurant located?
The property is located at 840 S Broad Street Griffith, IN.
What is the asking price?
The asking price for this property is $964,900.
What are key features of this property?
This property features: Restaurant and bar layout with two dining areas and an established bar; Approximately 5,564 square feet on 1.232 acres; Dining areas together accommodate more than 150 guests
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