Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    216 Broad St Griffith, IN 46319-3148

    • Residential income homes
    • 4,096 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    May 09, 2023
    Location Intelligence
    Property ID
    US31-0289228
    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

    • El Jimador #6 / Mexican Restaurant

    Property Details for 216 Broad St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,096 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-11-02-106-004.000-006
    APU
    451102106004000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $320,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $420,000
      Mixed-Use
      $300,000
      Hospitality
      $410,000
      Educational
      $305,000
      Residential Income
      $300,000
      Energy
      $390,000
      Income-Based Land
      $310,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Griffith
    County
    Lake
    State
    Indiana
    Longitude
    -87.4285
    Latitude
    41.5196
    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
    $7,661
    $63,400
    $271,200
    $334,600
    -
    $63,400
    $271,200
    $334,600

    Comparable in this City

    • Value Estimation by Request
      4,560 SF

      302 Broad St, Unit 11

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,560 SF
      302 Broad St, Griffith, IN 46319-3156
      View Details
    • Value Estimation by Request
      2,496 SF

      615 12th E Gln Park Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,496 SF
      615 12th E Gln Park Ave, Griffith, IN 46319-2401
      View Details
    • Value Estimation
      $335,000
      5,877 SF

      210 34th Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,877 SF
      210 34th Ct, Griffith, IN 46319-1026
      View Details
    • Value Estimation
      $325,000
      5,166 SF

      608 Elmer St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,166 SF
      608 Elmer St, Griffith, IN 46319-2370
      View Details
    • Value Estimation
      $285,000
      5,166 SF

      542 Elmer St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,166 SF
      542 Elmer St, Griffith, IN 46319-2361
      View Details
    • Value Estimation
      $420,000
      4,494 SF

      917 Gln Park Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,494 SF
      917 Gln Park Ave, Griffith, IN 46319-2469
      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.
      840 S Broad St, Griffith, IN 46319
      View Details
    • $1,247,700
      1.60 Acres

      Griffith, IN Commercial Property

      Prime Griffith location, renovated building, 1.6 acres.
      840 Broad St, Griffith, IN 46319
      View Details
    • $39,000
      0.83 Acres

      Griffith Land Ready to Build

      0.83-acre lot ready for construction in Griffith, Indiana.
      132 James Rd, Griffith, IN 46319
      View Details
    • New
      $115,000
      Pending

      Griffith, IN Office Space

      Affordable office rentals suitable for business or medical use.
      425 N Broad St, Griffith, IN 46319
      View Details
    • $245,000
      1.76 Acres

      Griffith Land Near Downtown

      1.76 acre land parcel near downtown Griffith, Indiana.
      937-1009 N Broad St, Griffith, IN 46319
      View Details
    • $37,000
      0.22 Acres

      Vacant Land in Griffith, Indiana

      Vacant land suitable for residential or rental property development.
      138 N Rensselaer Ave, Griffith, IN 46319
      View Details

    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
    • $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
    • $14 SF/Yr
      10,175 SF

      Industrial Building with Fenced Yard

      10,175 SF industrial building with office and warehouse space.
      217 S Colfax St, Griffith, IN 46319
      View Details
    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.
    216 Broad St
    Griffith, IN 46319-3148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.