Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14738 Brick Rd Granger, IN 46530

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $359,000

    Prime Granger location, 1.53 acres, high potential.

    Property Features for 14738 Brick Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    66,647 SF

    Building Details

    Year Built
    1933

    We can help!

    Listing Contact
    Sandy Hagen

    Listing Agency: Rez-Com Properties, LLC Listing Agent: Sandy Hagen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.53-acre commercial property at 14738 Brick Road in Granger, Indiana, presents a remarkable opportunity for entrepreneurs and investors. Situated on a highly desirable corner lot, this property is ideally positioned for a variety of commercial uses. County rezoning is underway, transitioning the property from residential to office or business zoning, streamlining the development process. The existing structure, while requiring updates, offers solid bones and potential for immediate occupancy. Its layout easily accommodates four offices and a break room, providing ample space for a small business or professional practice. The property's versatility extends to its attached garages, which offer additional income potential through rental. The property is being sold "as-is," and a signed "as-is" addendum is required with all offers. This prime location in Granger makes it perfect for a variety of businesses, including insurance or investment offices, or medical or dental practices. The high visibility and convenient access make this an exceptional investment opportunity in a thriving community. Don't miss the chance to capitalize on this remarkable property and its significant upside. The asking price is $359,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Granger
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.14962
    Latitude
    41.73856

    Nearby Similar for Sale

    • Contact for pricing

      Retail Spaces in Lifestyle Center

      Retail spaces with frontage, visibility, and modern design.
      7320 Aspect Dr, Granger, IN 46530
      View Details
    • Contact for pricing
      1,715 SF

      Commercial Office Space For Sale

      Commercial office space in Granger, great potential, wonderful location.
      50960 Herbert St, Granger, IN 46530
      View Details
    • Contact for pricing
      14,422 SF

      Fully Occupied Retail Center For Sale

      Fully leased retail center with long-term tenants and annual rent increases.
      12479 Adams Rd, Granger, IN 46530
      View Details
    • Contact for pricing

      Luxury Townhome and Flat Development

      80 luxury rental units in Granger, IN, completion in 2023.
      15065-15205 Cleveland Rd, Granger, IN 46530
      View Details
    • $895,000
      4,008 SF

      Granger Retail Building - $895,000

      Unique barn-style retail space, high visibility.
      12650 Adams Rd, Granger, IN 46530
      View Details
    • $359,900

      Updated Condo in Granger

      Modern condo with updates, flexible space, and maintenance-free living.
      17612 Innisbrook Ln, Granger, IN 46530
      View Details
    • $399,900

      Granger Villa in Farmington Commons

      Charming villa with updates in desirable Farmington Commons neighborhood.
      17610 Stoneham Way, Granger, IN 46530
      View Details
    • $3,000,000

      Granger, IN Mixed-Use Estate

      91-Acre Property, Development Potential
      52701 Ash Rd, Granger, IN 46530
      View Details
    • $399,900

      Updated Villa with Three-Car Garage

      Granger villa featuring updates, finished basement, and three-car garage.
      51291 Pembridge Ct, Granger, IN 46530
      View Details
    • $4,600,000
      41,452 SF

      Granger Retail Center - Huge Potential

      Prime Retail Space, Vacant, 41,452 SF
      7207 Grape Rd, Granger, IN 46530
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Granger location, 1.53 acres, high potential.
    Where is this commercial real estate located?
    The property is located at 14738 Brick Rd Granger, IN.
    What is the asking price?
    The asking price for this property is $359,000.
    (574) 210-5483
    Request Owner's contact information
    14738 Brick Rd Granger, IN 46530
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14738 Brick Rd
    Granger, IN 46530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14738 Brick Rd Granger, IN 46530
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandy Hagen
    (574) 210-5483
    Learn more
    Google sign-in failed. Please try again or use another login method.