0 Anderson Lake Dr Granger, IN 46530
This exceptional opportunity presents 28 developable residential lots totaling 16.87 acres in the highly sought-after Granger, Indiana community. Located within the desirable Penn School District, this property offers a mix of lakeview and standard buildable lots, ideal for a residential development. The lots are available for sale as a whole or in multiple-lot purchases, providing flexibility for various development scenarios. Specific lot numbers include 17, 18, 26, 27, 29, 30, 41, 44, 50, 56, 57, 58, 63, 64, 66, 67, 69, 70, 72, 77, 83, 88, 89, 96, 97, 99, and 100 (a detailed lot layout is available). While a cluster or conventional system is feasible, consultation with St. Joseph County and an engineer is recommended to optimize buildable lots and cost-effectiveness. Preliminary engineering research has already been conducted by the seller and is accessible upon request. The property boasts a prime location, situated approximately one mile from IN-23, just over one mile east of Bittersweet Road, slightly over one mile from the state line, two miles from the intersection of IN-23 and Bittersweet, 3.5 miles to Capital Ave/IN-331, less than six miles to Penn High School, and nine miles to the University of Notre Dame. This presents a compelling investment opportunity in a thriving Indiana community. The asking price for the entire property is $995,000. The property is zoned R: Residential. The address is Anderson Lake Dr, Granger, IN 46530.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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