Unique Barn Style Retail
12650 Adams Rd Granger, IN 46530
12650 Adams Rd, Granger, IN, 46530
Contact for pricing
For Sale
Contact for pricing
Retail property on Adams Rd in Granger for sale.
Property Size4,008 SF
Price / SF$223.30
Days on Market698
Property Features for 12650 Adams Rd
General Information
- Standard status
- Active
- Size
- 4,008 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1898
Listing Agency
Coldwell Banker Commercial Roth Wehrly Graber South Bend
(574) 243-9522
Listed by
John Piraccini · License #RB14045659
Source
Crexi
Added: Aug 22, 2024 Updated: Jul 6 at 8:34 am Checked: Jul 19 at 3:15 am
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
Investment Insights
Based on property information with market context.
This unique barn-type retail property is available for sale and is located on Adams Rd/State Road 23 in Granger. The property has approximately 89 feet of frontage. The traditional barn-style building features high ceilings and a loft. The building is approximately 4,008 square feet and is currently operating as an embroidery and home decor store. The 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. It is located 10 miles or less from Mishawaka, South Bend and Elkhart, and is only 5 minutes from the Indiana Toll Road and 10 miles from the US 20 Bypass. The property is zoned County C: Commercial. Taxes are $4,137.32 (2024 pay 2025).
Key Highlights
- Prime location on highly desirable Adams Rd./State Road 23 in Granger with approx. 89 FT of frontage.
- Unique barn‑style retail property with high ceilings and loft.
- Located in a high retail and restaurant area near the corner of SR 23 and Bittersweet Rd.
Local Financial Insights For Retail
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 | $88.0k | $21.96 |
| − Vacancy | −$8.5k | −$2.13 |
| EGI | $79.5k | $19.83 |
| − OpEx | −$23.8k | −$5.95 |
| NOI | $55.6k | $13.88 |
4,008 SF · lease $21.96/SF/yr · vacancy 9.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$794.8K
$695.4K – $927.3K
NOI $55,635 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Franking Sense
Consultant
Simply Swank Home ...
Interior Design
Signs Of The Times
(Bike/Boat/Book/etc) Store
Gridiron Communications
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail property on Adams Rd in Granger for sale.
Where is this storefront property located?
The property is located at 12650 Adams Rd Granger, IN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location on highly desirable Adams Rd./State Road 23 in Granger with approx. 89 FT of frontage.; Unique barn‑style retail property with **high ceilings and loft.**; Located in a high retail and restaurant area near the corner of SR 23 and Bittersweet Rd.
