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Property profile & analytics
OFF-MARKET Estimated value $755,000
Industrial properties

801 Main St Griffith, IN 46319-2883

10,560 SF 28.8 ac lot Built 1964
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US31-0525138
Property summary
AI-generated overview

This single-tenant warehouse, located at 801 E Main St, Griffith, IN 46319, offers 2,400 square feet of versatile space (48' wide x 50' deep), expandable up to 4,000 sq ft. The property features a 12' x 12' overhead door, perfect for easy access for large items and vehicles. While it lacks heating and a bathroom, motion-sensor lighting is included, with electricity covered by the landlord. This space is ideal for various uses, including home furnishing storage, vehicle storage (cars, boats, RVs), business goods storage (inventory, equipment), and boat/recreational equipment storage. The high ceilings allow for efficient stacking of items, maximizing storage capacity. The property is situated in Lake County, Indiana, offering convenient access to major transportation routes. Its secure and spacious layout makes it an excellent choice for businesses and individuals needing ample storage solutions. The property is a single-tenant space, providing privacy and control. This warehouse presents a cost-effective solution for a variety of storage needs.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Construction WOOD
Total area 10,560 SF
Lot 28.8 ac (1,254,528 SF)
APN 45-11-02-201-009.000-006
UPID US31-0525138
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
  • Asphalt Company Construction Company General Contractor
  • 1210 Main St-ready Mix Real Estate Agency
  • Austgen Properties Inc. Commercial Real Estate Agency Industrial Real Estate Agency
  • Joker diesel treat Auto Repair Shop
  • Legacy Heat Treatment Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
$945k
Comparable Approach Comparable
$788k
Blend (final) Blend
$755k
Owner & transaction history
Austgen Properties LLC · 12 yrs held
Austgen Properties LLC
since 2013
7 recorded transactions
2022
Price N/A
2017
Price N/A
2016
Price N/A
2013
Price N/A
2013
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $920,000 +80.6%
Commercial (general) $805,000 +57.4%
Retail stores $700,000 +37.5%
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