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    7207 Grape Rd Granger, IN 46530

    For Sale
    $4,600,000

    Prime Retail Space, Vacant, 41,452 SF

    Property size:
    41,452 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a vacant, 41,452-square-foot storefront located at 7207 Grape Road in Granger, Indiana, 46530. The property, built in 1984, sits on a 7.37-acre lot and is zoned PUD. Previously occupied by a J.C. Penney Home Store, this expansive retail space offers significant potential for redevelopment or repurposing. The building includes 36,652 square feet of retail space and an additional 4,800 square feet of office space. Its strategic location within the University Park Trade Area (UPTA), one of the most dominant retail markets in northern Indiana and southwestern Michigan, provides unparalleled visibility and access to a large consumer base. Situated near the intersection of SR 23 and Grape Road, the property benefits from its proximity to the 1 million-square-foot University Park Mall and is surrounded by nearly 3 million square feet of successful ancillary retail space, contributing to the UPTA's status as the second-largest retail trade area in Indiana. This highly visible property, not publicly marketed for sale in over 30 years, presents a rare chance to capitalize on the area's continued growth and strong retail demand. The asking price is $4,600,000, and the lease type is NNN.

    Property Features for 7207 Grape Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    41,452 SF
    Lot Size
    321,037 SF

    Building Details

    Year Built
    1984

    HighLights

    • Exceptional investment opportunity: 41,452 SF vacant storefront in Granger, IN.
    • 7.37‑acre lot, PUD zoning.
    • Previously a J.C. Penney Home Store; 36,652 SF retail, 4,800 SF office.
    • Prime University Park Trade Area location, near SR 23 and Grape Road, adjacent to University Park Mall.
    • $4,600,000 asking price, NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    JCPenney Home Store Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Granger
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1887103
    Latitude
    41.726224

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Vacant, 41,452 SF
    Where is this individual retail property located?
    The property is located at 7207 Grape Rd Granger, IN.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 41,452 SF vacant storefront in Granger, IN.; 7.37-acre lot, PUD zoning.; Previously a J.C. Penney Home Store; 36,652 SF retail, 4,800 SF office.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    7207 Grape Rd Granger, IN 46530
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