Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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