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Multi-Unit Flex and Warehouse Property
For Sale
$999,000

51539 Bittersweet Rd, Granger, IN 46530

Well-maintained property with seven retail/office units and a warehouse operating as a fitness training facility.

Property SizeContact for details
Days on Market143

Property Features for 51539 Bittersweet Rd

General Information

Standard status Active

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $4,600

Building Details

Year Renovated 2025
Tenancy Multi
Listing Agency: Cressy & Everett - South Bend
Listed By: Laurie Ladow
Source: Exprealty
Added: Apr 15 Changed: Aug 20 Last Checked: Sep 1 at 10:37PM

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 Cressy & Everett - South Bend

Investment Insights

Based on property information with market context.

This well-maintained commercial property offers a versatile mix of seven retail/office units plus a spacious warehouse. The warehouse is currently operating as a fitness training facility and has demonstrated adaptability, with prior use housing an HVAC company. Multiple upgrades support long-term usability, including a new roof installed in 2014, updated HVAC systems completed between 2014 and 2018, and a complete parking lot tear-off and replacement in 2012. Windows were replaced in phases, with half completed in 2018 and the remainder completed in early 2025. The parking lot is also lighted, and all units are described as clean, updated, and tenant-ready.

The property is serviced by well and septic, with the septic pumped annually and the well tested and approved during refinancing. A prepaid connection for future city water and sewer hookup through St. Joseph County is included, providing flexibility for future utility planning.

Unit mix and layouts vary by suite, including multiple bathroom access points across Units 51535 through 51541 and several private rooms depending on the tenant space. Unit 51541 is broken into three suites, with Suite C comprising two rooms. Unit 51537 includes a larger area with a storage room, break room, and private office. Unit 51533 is currently used as a nail/lash/hair business, and Unit 51529 is operating as a massage business with a waiting area, private bath, laundry, and four private rooms. Unit configuration and documented operating expenses are intended to support straightforward occupancy and management for an owner-operator or investor.

Key Highlights

  • Commercial property with seven retail/office units plus a warehouse currently operating as a fitness training facility
  • Warehouse previously housed an HVAC company, supporting use for a variety of commercial or industrial purposes
  • Major improvements include a new roof (2014), updated HVAC systems (2014–2018), and a parking lot tear‑off and replacement (2012)

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Grocery & Convenience Store Electrical Service Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

566
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46530, IN

31,805
Population
11,939
Households
2.7
Avg Household Size
41
Median Age
54%
College-Educated
97%
High-School Grad
24.3 sq mi
ZIP Area
1,309
Density / Sq Mi
$114,684
Median Household Income
$58,102
Median Earnings
$1,594
Median Rent
$316,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Similar Off Market Nearby

  • Smokin Steves BBQ 51701 Timberline Trce Dr E, Granger, IN 46530
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Frequently Asked Questions

What type of property is this?
Flex space - Well-maintained property with seven retail/office units and a warehouse operating as a fitness training facility.
Where is this flex space located?
The property is located at 51539 Bittersweet Rd Granger, IN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Commercial property with seven retail/office units plus a warehouse currently operating as a fitness training facility; Warehouse previously housed an HVAC company, supporting use for a variety of commercial or industrial purposes; Major improvements include a new roof (2014), updated HVAC systems (2014–2018), and a parking lot tear‑off and replacement (2012)
More about this property
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