For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Building in Prime Location Title is generated by Realmo AI

    12555 Adams Rd., Granger, IN 46530

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Nearly 8,000 SF building suitable for medical or office uses.

    Type:Office
    Property size:
    7,973 SF
    Price / SF:
    $134/SF
    Added:
    Jul 8, 2025
    Days on Market:
    364
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 12555 Adams Rd.

    General Information

    Standard status
    Active
    Size
    7,973 SF
    Property subtype
    Office

    Building Details

    Year Built
    1991

    We can help!

    Contact an agent
    John Piraccini
    John Piraccini

    Listing office Coldwell Banker Commercial Roth Wehrly Graber South Bend

    Listing date Jul 8, 2025

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Roth Wehrly Graber South Bend

    HighLights

    • High‑traffic location on IN‑23/Adams Rd and Bittersweet Rd (30,000 cars daily) in Granger.
    • Versatile 8,000 SF building suitable for medical, health, or office uses.
    • Proximity to major shopping corridor (Grape Rd/Main St) including UP Mall, Costco, and Super Target (4.5 miles).
    • Existing infrastructure includes reception area, numerous offices/exam rooms, large exam/washing area, and kitchenette.
    • Seller will consider short‑term financing or a short‑term lease with an option to purchase.
    • Located in a highly desirable residential area with strong demographics, close to Indiana/Michigan state line.

    Overview

    This nearly 8,000 SF building presents an opportunity for various medical, health, or office uses. It benefits from access to both IN-23/Adams Rd and Bittersweet Rd, with the intersection of Bittersweet Rd and SR 23 seeing 30,000 cars daily. The building features a reception/entrance area leading to numerous offices and exam rooms on the first floor. The main level also includes a larger exam/washing area with sinks, a former kennel area, a kitchenette, and a storage area. The second level offers additional offices and an overlook to the reception area, which could be converted into another office. Ample parking is available. The property is located on the main highway in Granger, a residential area with strong demographics. It is 1.5 miles from the Indiana/Michigan State Line, less than 3 miles to the IN-Toll Road interchange at IN-331/Capital Ave, 4.5 miles to the Grape Rd/Main St shopping corridor, 7.5 miles to the University of Notre Dame, and 10 miles from Downtown Mishawaka, South Bend, and Elkhart. The property is zoned County B: Business. Taxes are $7,486.00 for the tax year 2024. The seller will consider short term financing or a short-term lease with an option to purchase.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $112.9k $14.16
    − Vacancy −$24.8k −$3.12
    EGI $88.1k $11.04
    − OpEx −$22.0k −$2.76
    NOI $66.0k $8.28
    7,973 SF · lease $14.16/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $943.5K
    $825.6K – $1.10M (±1% cap)
    NOI $66,045 @ 7.0% cap · market cap 6.14%
    Second Best
    Healthcare Medical
    $775.4K
    $678.5K – $904.7K (±1% cap)
    NOI $54,279 @ 7.0% cap · market cap 5.05%
    Theoretical Best
    Retail
    $1.58M
    $1.38M – $1.84M (±1% cap)
    NOI $110,673 @ 7.0% cap · market cap 10.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harr Stephanie DVM Veterinary Clinic Lacopo Michael D ... Veterinary Clinic

    Suggested Use

    Real Estate Agency Hotel & Motel Department Store Auto Parts Store Furniture & Home Goods Food Market Grocery & Convenience Store Car Rental Facility Law Firm Clothing & Fashion Store

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

    Similar Places Nearby

    • Tracy L. Eichenseer, DVM — 12555 IN-23, Granger, IN 46530
    • Harr Stephanie DVM — 12555 Adams Rd, Granger, IN 46530
    • Lacopo Michael D DVM — 12555 Adams Rd, Granger, IN 46530
    • Kryder & Harr Veterinary Clinic — 13471 IN-23, Granger, IN 46530

    Location Insight

    • Map
    • Local Demand
    City
    Granger
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.113994
    Latitude
    41.753579

    FAQs

    What type of property is this?
    Medical Office Space - Nearly 8,000 SF building suitable for medical or office uses.
    Where is this medical office space located?
    The property is located at 12555 Adams Rd. Granger, IN.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: High‑traffic location on IN‑23/Adams Rd and Bittersweet Rd (30,000 cars daily) in Granger.; Versatile 8,000 SF building suitable for medical, health, or office uses.; Proximity to major shopping corridor (Grape Rd/Main St) including UP Mall, Costco, and Super Target (4.5 miles).
    (574) 277-8000 Call to check price and availability
    More about this property
    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