• Broker Mike Becze 2197360014

840 S Broad St 5,564 SF 100% Leased Retail Building Griffith, IN 46319 $1,199,700 ($215.62/SF)

View Photo

EXECUTIVE SUMMARY

For Sale: Prime Commercial Property – Turnkey Opportunity!
**$1,199,700** – Now is the time to secure this **fully upgraded** commercial property in a **high-traffic, central location**!
**Property Highlights:**
**5,564 Sq. Ft.** commercial space on **1-acre lot**
**Complete Gut Renovation** – Building taken to the studs and rebuilt!
**ALL NEW**:
- **Flooring & Bathrooms**
- **Plumbing & Electrical Systems**
- **4 HVAC Units & Ductwork**
- **SMART Siding (20+ year warranty)**
- **Windows & Doors**
**Updated Parking Lot & Outdoor Enhancements**:
- New **Patio, Rock Area, & Garbage Corral**
**Roof** – Approx. **12 years old**
**Endless Buiness Possibilities!**
Currently home to **Shipwreck Restaurant** (business still operating), this property is ideal for a **restaurant, retail space, office, or any commercial venture** looking for a **modern, move-in-ready location**.
**Key Details:**
**Location:** Griffith, IN (Lake County)
**Lot Size:** 69,696 Sq. Ft. (**1 Acre**)
**Price Per Sq. Ft.:** $216
**Built:** 1965, Completely Renovated
**Parking:** Newly Updated
**Utilities:** Public Water & Sewer, **Forced Air & Natural Gas Heating, Central Air**
**Zoning:** Commercial
**Strategic Location** – Easy access & high visibility
**Turnkey Condition** – Start operating immediately
**Perfect for New or Expanding Businesses**

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,564 SF
Building Class
C
Year Built
1964
Price
$1,199,700
Price Per SF
$215.62
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
1.60 AC

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
W Ave H S Broad St, E 4,374 2024 0.08 mi
S Broad St W Ave H, N 6,740 2024 0.15 mi
S Cline Ave W Ave H, S 1,112 2025 0.24 mi
Local Schiller Ave, S 2,401 2024 0.24 mi
South Cline Avenue Schiller Ave, S 2,394 2025 0.24 mi
Local S Broad St, E 4,352 2025 0.36 mi
Ave H - 4,772 2024 0.39 mi
West Division Road - 4,954 2020 0.39 mi
S Arbogast Ave Hwy 330, S 6,617 2024 0.48 mi
South Cline Avenue St George Dr, N 7,805 2025 0.50 mi

PROPERTY TAXES

Parcel Number 45-11-02-352-010.000-006 Improvements Assessment $359,700
Land Assessment $102,500 Total Assessment $462,200

PROPERTY TAXES

Parcel Number
45-11-02-352-010.000-006
Land Assessment
$102,500
Improvements Assessment
$359,700
Total Assessment
$462,200

MAP

ADDITIONAL PHOTOS

View Photo 2
View Photo 3
View Photo 4
View Photo 5.5
View Photo 5
View Photo 6
View Photo 7
View Photo 8
View Photo 9
View Photo 10
  • Listing ID: 34988130

  • Date on Market: 3/1/2025

  • Last Updated: 5/9/2025

  • Address: 840 S Broad St, Griffith, IN 46319