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    Property profile & analytics

    2203 Ripley St Lake Station, IN 46405-1165

    • Turn key restaurants
    • 4,265 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 05, 2024
    Location Intelligence
    Property ID
    US31-1175520
    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

    • Burger King / Fast Food Restaurant / Restaurant

    Property Details for 2203 Ripley St

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    4,265 SF
    Property type
    Turn key restaurants
    APN
    45-09-16-105-007.000-021
    APU
    450916105007000021

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Station
    County
    Lake
    State
    Indiana
    Longitude
    -87.2397
    Latitude
    41.5776
    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
    $36,062
    $313,300
    $737,300
    $1,050,600
    -
    $313,300
    $737,300
    $1,050,600

    Comparable in this City

    • Value Estimation by Request
      7,440 SF

      2345 Ripley St

      RESTAURANT • 7,440 SF
      2345 Ripley St, Lake Station, IN 46405-2325
      View Details
    • Value Estimation
      $340,000
      738 SF

      2433 Ripley St

      RESTAURANT • 738 SF
      2433 Ripley St, Lake Station, IN 46405-2301
      View Details
    • Value Estimation by Request
      0.10 Acres

      2236 Ripley St

      RESTAURANT • 0.10 Acres
      2236 Ripley St, Lake Station, IN 46405
      View Details
    • Value Estimation by Request
      3,228 SF

      3420 Central Ave

      RESTAURANT • 3,228 SF
      3420 Central Ave, Lake Station, IN 46405-2273
      View Details
    • Value Estimation by Request
      2,524 SF

      3446 Central Ave

      RESTAURANT • 2,524 SF
      3446 Central Ave, Lake Station, IN 46405-2273
      View Details
    • Value Estimation by Request
      0.04 Acres

      2661 Decatur St

      RESTAURANT • 0.04 Acres
      2661 Decatur St, Lake Station, IN 46405-1462
      View Details

    Similar Nearby for Sale

    • $550,000
      3,250 SF

      Turnkey Restaurant with Liquor License

      Fully equipped, remodeled restaurant with a 3-way liquor license.
      3634 Central Ave, Lake Station, IN 46405
      View Details
    • $200,000
      3,894 SF

      Turn-Key Pub and Grub Business

      Profitable pub and grub with licenses and living quarters.
      2808 Dekalb St, Lake Station, IN 46405
      View Details
    • $467,000
      4,325 SF

      Versatile Commercial Property For Sale

      Mixed-use property with restaurant, warehouse, and apartment near major highways.
      2401 Central Ave, Lake Station, IN 46405
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    • $723,172
      10,920 SF

      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
      2626 Central Ave, Lake Station, IN 46405
      View Details
    • $34,900
      0.72 Acres

      Land For Sale, Lake Station

      Vacant land available in Lake Station, Indiana.
      2820 New York St, Lake Station, IN 46405
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Land in Lake Station

      Building lot next to bike trail in Lake Station.
      2899 State St, Lake Station, IN 46405
      View Details
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    Lake Station, IN 46405-1165
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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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