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Property profile & analytics
OFF-MARKET
Land

12004 Sr 23 Hwy Granger, IN 46530

4.17 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.17 ac (181,645 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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