840 S Broad Street
Griffith, IN, 46319 $ 964,900
Bedrooms-- Baths-- Sq 5,564 Monthly Estimate*
$ 6,664
for $964,900. This 5,564 square foot building was built in 1964 on a lot size of 1.232.
An outstanding opportunity awaits at 840 S Broad Street in Griffith! Offering approximately 5,564 square feet of substantially renovated commercial space on approximately 1.23 acres, this property presents an exciting opportunity for entrepreneurs, investors, and business owners looking to establish, expand, or reposition a commercial venture in Northwest Indiana. Following their acquisition, the current owners completely gutted and renovated the building, incorporating significant improvements including updated plumbing and electrical systems, renovated bathrooms, new flooring, windows and doors, and four HVAC units with new ductwork. Currently configured as a bar and restaurant, the interior features a spacious main dining area, a separate private dining and entertainment room, and an established bar area. Combined, the two dining areas offer seating for more than 150 guests, providing flexibility for restaurant operations, private parties, special events, and other hospitality concepts. One of the property's standout features is its approximately 2,000-square-foot outdoor patio, offering additional seating for more than 100 guests. The covered patio, surrounded by mature trees and natural greenery, creates an inviting atmosphere for outdoor dining, private gatherings, seasonal entertainment, and special events. With approximately 100 parking spaces, the property offers substantial on-site parking for patrons, employees, and event guests. For buyers interested in reopening a bar, restaurant, or entertainment venue, the existing layout and improvements provide an excellent starting point. Investors and entrepreneurs considering alternative commercial uses will also appreciate the building's size, layout, parking capacity, and flexibility. Potential alternative uses are subject to zoning, permitting, and applicable municipal approvals.The sale includes the real estate only. The existing operating business is NOT included. Certain restaurant and bar equipment may be available for purchase through separate negotiation, depending on the terms of the offer. Conveniently located on South Broad Street in Griffith, the property offers access to Cline Avenue and the I-80/94 corridor, connecting it to surrounding Northwest Indiana communities and the greater Chicagoland market. Whether you're envisioning a new restaurant concept, an entertainment destination, a private event venue, or another commercial venture, this property offers the space, improvements, and versatility to bring your vision to life. Don't miss the opportunity to explore the possibilities!
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning RTAIL
Year Built 1964
Electric Service - 201 to 600 Amps
Stories Count 1
Township Calumet
Property Subtype Restaurant
Tax Year 2024
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status New
Directions Take Ridge Rd. East to Broad South
City Griffith
MLS Area Indiana - Griffith
Lot Size Square Feet 53666
Tax Annual Amount 12527
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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ExteriorBuilding Area Total 5564
Lot Dimensions 0
Lot Size Acres 1.232
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* Excluded FeaturesList ByExit Strategy RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,664
- Monthly Property Taxes
- $1,044
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Griffith, IN
Average List Price $823,450
Percent of Sale Price 15%
About Griffith, IN 16,213 Population
-7% Since 2002
$ 55,673 Median Income
37.7 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/6/2026 | $964,900 | | Listed Price |