Current Use by Public Records
- Land
Property Details for 12004 Sr 23 Hwy
- Lot size
- 4.17 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 4.17-acre industrial land parcel presents a compelling investment opportunity in the thriving Granger, Indiana market. Strategically located on heavily trafficked SR 23/Adams Road, boasting 16,000 daily vehicles (per INDOT traffic counts), this property enjoys unparalleled visibility and accessibility. Situated just half a mile east of Bittersweet, this site benefits from its proximity to a wealth of amenities and services. Within a one-mile radius, you'll find Martin's Supermarket, Mary Frank Elementary School, and the State Line. Further enhancing its appeal, the property is conveniently located just three miles from IN-331/Capital Avenue and the Indiana Toll Road Interchange on Capital Avenue, five miles from University Park Mall, 5.5 miles from Penn High School, and eight miles from the University of Notre Dame. The property is zoned R: Residential and served by the Penn-Harris-Madison School Corporation, making it ideal for residential development. Currently featuring a 936-square-foot home with a detached garage, this site offers significant potential for single-family, condominium, or multi-family development. Nearby Granger sewer access adds to the property's practicality. The asking price for this remarkable opportunity is $395,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Granger
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.1007
- Latitude
- 41.7524
