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12650 IN-23 12650 Adams Rd 4,008 SF Retail Building Granger, IN 46530 $895,000 ($223.30/SF)

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INVESTMENT HIGHLIGHTS

  • High Visibility on SR 23/Adams Rd.
  • Near the Intersection of SR 23 and Bittersweet Rd.
  • High retail and restaurant area

EXECUTIVE SUMMARY

FOR SALE OR FOR LEASE! (Please see separate listing "For Lease" for complete lease information and marketing). Unique barn type retail property located on highly desirable State Road 23 in Granger. Approx. 4,008 SF and currently operating as an embroidery and home decor store. Traditional barn style with high ceilings and loft. Property is located in a high retail and restaurant area on Adams Rd./State Road 23 in Granger, near the corner of SR 23 and Bittersweet Rd. intersection. Located 10 miles or less from Mishawaka, South Bend and Elkhart. Only 5 minutes from the Indiana Toll Road and 10 miles from the US 20 Bypass. Zoned County C: Commercial. Taxes: $4,137.32 (2024 pay 2025).

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Taxes $3,893 $0.97
Operating Expenses - -
Total Expenses $3,893 $0.97

FINANCIAL SUMMARY (ACTUAL - 2023)

Taxes
Annual $3,893
Annual Per SF $0.97
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $3,893
Annual Per SF $0.97

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,008 SF
Building Class
C
Year Built
1898
Price
$895,000
Price Per SF
$223.30
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.61 AC
Zoning
County C: Commercial - County C: Commercial
Parking
25 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
89’ on Adams Rd

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 4,008 SF
  • Retail
  • -
  • Now

Excellent lease opportunity on heavily traveled IN-23 in highly sought after Granger with great demographics. Rent is $4,000/month, NNN. There is a wide range of uses possible in this very well maintained and unique barn style retail property with just over 4,000 SF with high ceilings, spacious loft, multiple rooms great visibility, and plenty of parking. Great proximity, less than 1/4-mile West of the intersection of Bittersweet Road and IN-23, 3/4-mile from the State Line, less than 3 miles to the Indiana Toll Road interchange at IN-331/Capital Ave, 4 miles to the Grape Road/Main Street Shopping Corridor (one of the largest in the State of Indiana), and less than 7.5 miles to the University of Notre Dame. Taxes: $4,137.32. Tax Year: 2024.

Space Size Space Use Position Available
1st Floor 4,008 SF Retail - Now

1st Floor

Size
4,008 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 4,008 SF
Space Use Retail
Position -
Available Now

Excellent lease opportunity on heavily traveled IN-23 in highly sought after Granger with great demographics. Rent is $4,000/month, NNN. There is a wide range of uses possible in this very well maintained and unique barn style retail property with just over 4,000 SF with high ceilings, spacious loft, multiple rooms great visibility, and plenty of parking. Great proximity, less than 1/4-mile West of the intersection of Bittersweet Road and IN-23, 3/4-mile from the State Line, less than 3 miles to the Indiana Toll Road interchange at IN-331/Capital Ave, 4 miles to the Grape Road/Main Street Shopping Corridor (one of the largest in the State of Indiana), and less than 7.5 miles to the University of Notre Dame. Taxes: $4,137.32. Tax Year: 2024.

NEARBY MAJOR RETAILERS

Lake City Bank
1st Source Bank
Samuel Mancino's Italian Eatery
Beef 'O' Brady's
Starbucks
Martin's Super Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-05-18-126-003.000-011
Land Assessment
$172,600 (2024)
Improvements Assessment
$61,000 (2024)
Total Assessment
$233,600 (2024)
Annual Taxes
$3,893 ($0.97/SF)
Tax Year
2023 Payable 2024
  • Listing ID: 32921772

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 12650 Adams Rd, Granger, IN 46530

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