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Property profile & analytics
OFF-MARKET
Retail space

134 Broad St Griffith, IN 46319-2219

4,100 SF 0.06 ac lot Built 1956
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US31-0430852
Property summary
AI-generated overview

This 1,400 square foot retail space in downtown Griffith, Indiana, presents a unique investment opportunity. Located at 134-144 S Broad St, this single-tenant property boasts a recently completed renovation (2023), including a brand new facade. The space, formerly a restaurant, features an existing 8-foot hood, ideal for a variety of food-related businesses or adaptable for other retail uses. Situated on a 0.26-acre lot, the building totals 6,102 square feet, with 1,400 square feet currently available. Its prime location is adjacent to the Erie Lackawanna Trail and a new public parking lot, ensuring high visibility and convenient access for customers. Built in 1920, the property benefits from modern updates while retaining its historic charm. Griffith, a thriving town in Lake County, is part of the Chicago metropolitan area, boasting a population of 16,420 (2020 census), making it the 11th largest town in Indiana by population and 17th largest by area. This property offers exceptional potential for a discerning investor seeking a high-traffic location within a growing community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Construction WOOD
Total area 4,100 SF
Lot 0.06 ac (2,788 SF)
APN 45-07-35-358-023.000-006
UPID US31-0430852
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • YouNique Yoni Alternative Medicine Practice Spa & Massage Center
  • Varsity Sports Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Team Fisher Holdings LLC · 6 yrs held
Team Fisher Holdings LLC
since 2020
2 recorded transactions
2020
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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