Retail Strip Center For Sale/Lease

112 East Ridge Road, Griffith, Indiana 46319

  • Property Subtypes Street Retail
  • Gross Building Area 15,000 SF
  • Building Name Broad Ridge Plaza
  • Building Status Existing
  • Sale Price $1,500,000.00 Total
  • Property Use Type Vacant/Owner-UserInvestment
  • Class of Space N/A
  • Total Land Size 1.69 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 3/31/2020
  • Days on Market 293 Days
  • Status active

Overview / Comments

This is a brick/metal 9 unit neighborhood retail strip center sitting on 1.69 acres. Three available units for lease ranging in size from 1,200 SF thru 2,400 SF. Featuring a highly desirable end cap, Unit A can be combined with Unit B to form 2,400 SF. Unit H is 2,040 SF. Recent improvements made: 2019 new facade 2016-2019 7 new HVAC units, 2015 paved parking lot, 2009/2014 new roofs, 2019 parking lot cracks resealed. Built in 1989. 2018 pay 2019 taxes $26,652.88 ($1.63/SF) Tenants pay utilities. 176’ of frontage on Ridge Road and 162’ of frontage on Broad Street. 70% occupancy, 30% vacant. (3 available units 1,200 SF, 1,200 SF & 2,040 SF) Tenants in this center: Missy Hair Braiding, Nails Tek, Enterprise, State Farm, Oria's Flowers and Aurelio's Pizza. Located at the NE corner of the Ridge Road and Broad Street stoplight intersection. 1/4 mile east of Cline Avenue, 1/2 mile west of Colfax and 1 1/2 miles southeast of 80/94. 30 miles south of Chicago. INDOT traffic counts 25,374 cars/day. Across from Taco Bell, and in the vicinity of Subway, Pizza Hut, Speedway, T-Mobile, DQ and so much more.

Additional Details

  • Tax ID/APN 45-07-26-126-001.000-006

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