7207 Grape Rd Granger, IN 46530
- Retail properties
- 41,452 SF
- 7.37 lot acres
Current Use by Public Records
- JCPenney Home Store / Furniture Store / Home Goods Store
Property Details for 7207 Grape Rd
- Year built
- 1984
- Lot size
- 7.37 lot acres
- Property size
- 41,452 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a vacant, 41,452-square-foot storefront located at 7207 Grape Road in Granger, Indiana, 46530. The property, built in 1984, sits on a 7.37-acre lot and is zoned PUD. Previously occupied by a J.C. Penney Home Store, this expansive retail space offers significant potential for redevelopment or repurposing. The building includes 36,652 square feet of retail space and an additional 4,800 square feet of office space. Its strategic location within the University Park Trade Area (UPTA), one of the most dominant retail markets in northern Indiana and southwestern Michigan, provides unparalleled visibility and access to a large consumer base. Situated near the intersection of SR 23 and Grape Road, the property benefits from its proximity to the 1 million-square-foot University Park Mall and is surrounded by nearly 3 million square feet of successful ancillary retail space, contributing to the UPTA's status as the second-largest retail trade area in Indiana. This highly visible property, not publicly marketed for sale in over 30 years, presents a rare chance to capitalize on the area's continued growth and strong retail demand. The asking price is $4,600,000, and the lease type is NNN.
Value Estimation
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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
- -86.1887
- Latitude
- 41.7262
