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    Property profile & analytics

    116 Broad St Griffith, IN 46319-2233

    • Retail space
    • 19,968 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Sep 12, 2023
    Location Intelligence
    Property ID
    US31-1130771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Billy O's Dynamite Music / Musical Instrument Store
    • Doc's Lounge / Bar
    • Griffith Billiards / Pool Hall

    Property Details for 116 Broad St

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    19,968 SF
    Property type
    Retail space
    APN
    45-11-02-103-010.000-006
    APU
    451102103010000006

    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
    State
    Indiana
    Longitude
    -87.4283
    Latitude
    41.5221
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $14,907
    $201,500
    $359,500
    $561,000
    -
    $201,500
    $359,500
    $561,000

    Comparable in this City

    • Value Estimation
      $325,000
      5,315 SF

      124 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 5,315 SF
      124 Broad St, Griffith, IN 46319-2219
      View Details
    • Value Estimation
      $325,000
      2,800 SF

      825 Gln Park Ave, Unit 27

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      825 Gln Park Ave, Griffith, IN 46319-2027
      View Details
    • Value Estimation
      $345,000
      5,760 SF

      321 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      321 Main St, Griffith, IN 46319-2214
      View Details
    • Value Estimation
      $375,000
      5,351 SF

      725 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,351 SF
      725 Rdg Rd, Griffith, IN 46319-1149
      View Details
    • Value Estimation by Request
      13,905 SF

      1514 Colfax St

      RETAIL STORES (PERSONAL SERVICES) • 13,905 SF
      1514 Colfax St, Griffith, IN 46319
      View Details
    • Value Estimation
      $375,000
      7,904 SF

      1203 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,904 SF
      1203 Rdg Rd, Griffith, IN 46319-1461
      View Details

    Similar Nearby for Sale

    • $1,174,700
      5,564 SF

      Turnkey Restaurant & Event Venue

      Fully renovated restaurant with event-ready patio on 1.6 acres.
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    • New
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      Griffith, IN Office Space

      Affordable office rentals suitable for business or medical use.
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    • $37,000
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      Vacant Land in Griffith, Indiana

      Vacant land suitable for residential or rental property development.
      138 N Rensselaer Ave, Griffith, IN 46319
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    • $1,247,700
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      Griffith, IN Commercial Property

      Prime Griffith location, renovated building, 1.6 acres.
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      Griffith Land Ready to Build

      0.83-acre lot ready for construction in Griffith, Indiana.
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    Similar Nearby for Lease

    • $3,500 /Mo
      5,500 SF

      Downtown Retail Space Available

      Retail space in Griffith's vibrant downtown area for rent.
      213 N Broad St, Griffith, IN 46319
      View Details
    • $18 SF/Yr
      40,390 SF

      Griffith Retail Plaza Investment

      Highly visible retail space, prime location.
      1815-1955 Glen Park Ave, Griffith, IN 46319
      View Details
    • $11 SF/Yr
      4,880 SF

      Industrial Units in Gatlin Park

      Two 4,880 SF industrial units available for lease.
      1321-1325 Main St, Griffith, IN 46319
      View Details
    • $1,750 /Mo
      1,200 SF

      Office Space for Rent

      Office space available for rent in Griffith, Indiana.
      112 East Ridge Rd, Griffith, IN 46319
      View Details
    • $5,200 /Mo
      4,200 SF

      Industrial Unit with Outdoor Storage

      4200 SF industrial unit with office and outdoor storage.
      139 Gatlin Dr, Griffith, IN 46319
      View Details
    • $15 SF/Yr
      10,142 SF

      Office Building For Rent

      Office building with TI packages available for single or multi-tenant.
      139 S Broad St, Griffith, IN 46319
      View Details
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    116 Broad St
    Griffith, IN 46319-2233
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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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