840 S Broad Street, Griffith, IN 46319
NA · Lake County
Key Facts
Description
Rare Opportunity - Fully Renovated Restaurant with Event-Ready Patio This property offers a unique chance to own a turnkey restaurant and event venue in a prime location. The current owners gutted the building to the studs and invested heavily in upgrades: new plumbing, electric, bathrooms, flooring, windows, doors, and all four HVAC units with ductwork. SMART siding carries a 20+ year warranty, and the roof is approximately 12 years old. Standout Feature - 2,000 SF Outdoor Patio Surrounded by lush greenery and woods Rock area for bags, games, or overflow seating Gas fire pits create year-round atmosphere Perfect for weddings, private parties, and live music events Key Equipment & Infrastructure (included, open to negotiation): 20 beer lines Two walk-in coolers Walk-in freezer Commercial hood system Full Ansul fire suppression system Flexible Layout for Multiple Revenue Streams Inside, the property includes a private party room ideal for events, while the stage setup supports live music and entertainment. The venue has already proven itself as a successful site for weddings, private rentals, and full-property events -- with the patio rented out while the main dining room remains open to the public. Whether you're bringing your current concept or launching a new venture, this property is designed to generate revenue from both daily dining and high-margin private events. Schedule your private showing today -- this opportunity won't last.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1965
Living Area
5,564 sq ft
Lot Size
1.60 acres
Lot Dimensions
255x180x289x146
Parking Spaces
100
Days on Market
468
MLS® Listing#
813963
Property Features
Exterior
Cooling
Heating
Flooring
Patio
Fencing
Lot Features
Construction
Foundation
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$13,000
Tax year 2023
Parcel Number
451102352009000006
Directions
Ridge Road East To Broad South
Affordability Calculator
$199,994
Estimated monthly payment
$5,322/mo
Principal $799,976 · Est. interest $1,116,038 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Griffith, IN
- $300,000
- Median Listing Price
- 41
- Median Days on Market
- 1,727
- Median Sq Ft
- $162
- Median Price / Sq Ft
- 19
- Active Listings
- This home’s price is 233% above the area median.
- Its price per sq ft is 11% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Griffith, IN.
Location
Points of Interest in Griffith, IN
Showing the Griffith area map.
Nearby Schools
Franklin Elementary School
Elementary · 1.1 mi away
Peifer Elementary School
Elementary · 1.3 mi away
Homan Elementary School
Elementary · 1.4 mi away
St. Mary Catholic School
School · 1.6 mi away
Campagna Academy
School · 1.6 mi away
Elsie Wadsworth Elementary School
Elementary · 1.7 mi away
St Michael School
Elementary · 1.7 mi away
Griffith Senior High School
Secondary · 1.7 mi away
Beiriger Elementary School
Elementary · 1.7 mi away
Griffith Public Schools
School · 1.7 mi away
Hammond Baptist Junior High School
Secondary · 1.8 mi away
Calumet Christian School
Elementary · 2.0 mi away
Forest Ridge Academy
School · 2.0 mi away
Peace Lutheran Church
Elementary · 2.1 mi away
Longfellow Elementary School
Elementary · 2.1 mi away
Allen J Warren Elementary School
Elementary · 2.3 mi away
James H Watson Elementary School
Elementary · 2.6 mi away
Grimmer Middle School
Secondary · 2.6 mi away
Eldon Ready Elementary School
Elementary · 2.7 mi away
Southridge Elementary School
Elementary · 2.7 mi away
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EXIT Agents in Griffith
Listing Courtesy: McColly Real Estate - 2193225508
Presented by: Wendy Embry
Last Updated: 2024-12-12