Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 725 East Ridge Road in Griffith, Indiana 46319 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2004, the Property comprises a one-story, ±6,790-square-foot free-standing retail building situated on a ±1.28-acre parcel (±55,600 SF), with 32 surface parking spaces. The site features ±158 feet of frontage and one point of ingress/egress along East Ridge Road, in one of Griffith’s primary commercial corridor, with ±23,608 vehicles passing the site daily. The Property includes a highly visible pylon sign and was previously leased to Advance Auto Parts on a triple-net (NNN) basis. The Property presents owner-users or investors with the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $13-16/SF NNN). Zoned B3, General Business District, the Property allows for flexible retail and commercial uses, appealing to a wide range of end-users.
Strategically located in Griffith, within Lake County, Indiana, the Property benefits from direct frontage along East Ridge Road (US-6/20), one of the town’s primary commercial/high-traffic corridors. The Property offers convenient access to major regional transportation routes, including I-94 with ±193,068 VPD (less than ±2-mi north), enhancing connectivity to nearby economic centers such as Hammond, Gary, and the broader Chicago MSA (±30-mi). The Property also offers convenient access to I-90, just 10-min North, offering easy access to the greater Chicago area and less than 15-min from Gary/Chicago International Airport. The Site is positioned adjacent to Restaurant Depot and the surrounding trade area features a strong mix of national retailers including Walmart Supercenter, Menards, Walgreens, McDonald’s, AutoZone, and Dollar General, supporting consistent daily traffic and consumer demand. Griffith benefits from its proximity to major industrial parks and manufacturing employers and Casinos that drive a strong area traffic. Additionally, the Property is located within ±1.5-mi of downtown Griffith’s growing entertainment and dining district, as well as community amenities such as Central Park and Griffith High School. The Property’s strategic location in a growing suburban area with robust accessibility to educational, corporate, and leisure demand drivers ensures significant long-term potential for investors and owner/users alike. The immediate area serves a dense population base, with ±170,549 residents within a 5-mi radius and an average HH income of ±$87,145, helping to sustain long-term demand for retail, services, and convenience-oriented uses.