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

    503 Main St Griffith, IN 46319-2774

    • Auto shops
    • 8,800 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US31-0674675
    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

    • JB Cash Four Cars / Junkyard
    • Western Motors / Car Dealer
    • Insane Customs / Car Stereo Store
    • Elevate Property Solutions - NWI / Real Estate Consultant

    Property Details for 503 Main St

    Year built
    1941
    Construction
    WOOD
    Lot size
    1.10 lot acres
    Property size
    8,800 SF
    Property type
    Auto shops
    APN
    45-11-02-201-001.000-006
    APU
    451102201001000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $470,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $475,000
      Mixed-Use
      $450,000
      Hospitality
      $475,000
      Educational
      $420,000
      Residential Income
      $410,000
      Energy
      $460,000
      Income-Based Land
      $470,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Griffith
    County
    Lake
    State
    Indiana
    Longitude
    -87.4225
    Latitude
    41.5224
    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
    $7,909
    $166,200
    $132,600
    $298,800
    -
    $166,200
    $132,600
    $298,800

    Comparable in this City

    • Value Estimation by Request
      2,756 SF

      1581 Cline Ave

      AUTO REPAIR, GARAGE • 2,756 SF
      1581 Cline Ave, Griffith, IN 46319-1567
      View Details
    • Value Estimation
      $310,000
      1,226 SF

      903 Cline Ave

      AUTO REPAIR, GARAGE • 1,226 SF
      903 Cline Ave, Griffith, IN 46319-1505
      View Details
    • Value Estimation
      $345,000
      2,160 SF

      502 Main St

      AUTO REPAIR, GARAGE • 2,160 SF
      502 Main St, Griffith, IN 46319-2755
      View Details
    • Value Estimation
      $415,000
      7,560 SF

      1401 Main St

      AUTO REPAIR, GARAGE • 7,560 SF
      1401 Main St, Griffith, IN 46319-2912
      View Details
    • Value Estimation
      $360,000
      8,670 SF

      119 Main St

      AUTO REPAIR, GARAGE • 8,670 SF
      119 Main St, Griffith, IN 46319-2201
      View Details
    • Value Estimation by Request
      8,848 SF

      1950 Indiana Ave

      AUTO REPAIR, GARAGE • 8,848 SF
      1950 Indiana Ave, Griffith, IN 46319-1049
      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
    • $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
    • $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
    • $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
    • $115,000
      912 SF

      Griffith, IN Office Space

      Affordable office rentals suitable for business or medical use.
      425 N Broad St, 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
    • $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
    • $4,200,000
      19,250 SF

      Warehouse Space Near I-80/94

      19,250 SF warehouse space with customizable layout available for rent.
      500 E Ridge Rd, 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
    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.
    503 Main St
    Griffith, IN 46319-2774
    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.