Property profile

12555 In-23 Granger, IN 46530

OFF-MARKET
Office Spaces
8,643 SF 0.91 ac lot Built 1991
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Property summary

AI-generated overview

This exceptional 8,643-square-foot Class A medical office building, located at 12555 IN-23 in Granger, Indiana, presents a unique investment opportunity. Built in 1991, this two-story masonry structure boasts a desirable location in a high-demographic area, surrounded by national and local retailers and residential neighborhoods. The property features ample on-site parking, is fully heated and air-conditioned, and includes a reception area, retail space, private exam rooms, business offices, and restrooms. The adaptable floor plan allows for diverse uses, making it suitable for a variety of medical or professional businesses. The building showcases Class A finishes throughout. Situated on a 0.91-acre lot (APN: 71-05-07-381-003.000-011), this property benefits from excellent visibility and accessibility, with easy access to I-80/90 Toll Road and Capital Avenue extension. The average daily traffic count on SR 23 is 15,608 vehicles. The asking price is $1,200,000 ($138.84/SF). The property is zoned for business use. This is a prime opportunity to acquire a well-maintained, high-quality commercial building in a thriving community.

Property profile

Verified
Property type Office Spaces
Year built 1991
Total area 8,643 SF
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12555 In-23 Granger, IN 46530
Granger metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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