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    Property profile & analytics
    FOR SALE
    Commercial land

    840 S Broad St Griffith, IN 46319

    0.37 ac lot
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0709960
    840 S Broad St, Griffith, IN 46319 For Sale 1 / 65
    $1,174,700
    840 S Broad St, Griffith, IN 46319
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    Property summary
    AI-generated overview

    This exceptional 1.6-acre commercial property at 840 S Broad Street in Griffith, Indiana, presents a truly unique investment opportunity. The existing building has undergone a complete renovation, down to the studs. All aspects have been meticulously updated, including the installation of entirely new flooring and bathrooms. The plumbing and electrical systems have been completely replaced, ensuring modern functionality and efficiency. All four HVAC units, along with the ductwork, are brand new. The exterior boasts smart siding with a warranty exceeding 20 years, complemented by newly installed windows and doors. The parking area has been upgraded from its previous stone surface. Further enhancing the property's appeal are a newly constructed patio, a landscaped rock area, and a designated garbage corral. The roof is approximately 12 years old. Currently housing the Shipwreck Restaurant, which continues to operate, this property offers immense potential for a variety of businesses. Its central location and comprehensive renovation make it an ideal site for an existing business seeking relocation or an entrepreneur looking to establish a new venture. A private showing is highly recommended to fully appreciate the scope of this remarkable opportunity.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.37 ac (16,030 SF)
    APN 45-11-02-352-009.000-006
    UPID US31-0709960
    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
    • Shipwreck Bar & Grill Bar & Pub Restaurant
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Drish Properties LLC · 8 yrs held
    Drish Properties LLC
    since 2018
    3 recorded transactions
    2018
    Price N/A
    2014
    Price N/A
    2014
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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