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    Property profile & analytics

    1.3 Nothwest In Griffith, IN 46000

    • Retail properties
    • 603 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 1.3 Nothwest In

    Year built
    1954
    Property size
    603 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a vacant gas station and convenience store located in Griffith, Indiana, within Lake County. The property boasts a prime location on a busy city street, ensuring high visibility and potential for substantial returns. The single-story building, constructed in 1954, offers 603 square feet of retail space, complemented by a generous 41,338 square foot lot. The property features fiberglass fuel tanks, ready for immediate activation. The asking price is $1,300,000, translating to $2,155.89 per square foot. This represents a unique chance to acquire a well-situated, established business ready for a new operator. The property is available immediately, presenting a swift path to profitability. The single-unit building is ideal for a variety of retail uses, offering significant potential for growth and expansion. This is a turnkey opportunity for an investor seeking a high-return, established business in a desirable location. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Griffith
    County
    Lake county
    State
    Indiana
    Longitude
    -87.4237
    Latitude
    41.5284
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    1.3 Nothwest In
    Griffith, IN 46000
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    Realmo Value Estimation

    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.

    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.

    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
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