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Property profile & analytics
OFF-MARKET
Commercial real estate

12004 Adams Rd Granger, IN 46530

4.17 ac lot
Property ID
US31-1735086
Property summary
AI-generated overview

This 4.17-acre commercial land parcel in Granger, Indiana, presents a prime development opportunity. Located on heavily trafficked SR 23/Adams Road (16,000 cars daily), this R-zoned property boasts excellent visibility and accessibility. Its strategic location offers proximity to key amenities including Martin's Supermarket, Mary Frank Elementary School, and the State Line, all within a one-mile radius. Further advantages include its close proximity to IN-331/Capital Ave (3 miles), the Indiana Toll Road Interchange (just over 3 miles), University Park Mall (5 miles), Penn High School (5.5 miles), and the University of Notre Dame (8 miles). The property is served by the Penn-Harris-Madison school district and has nearby Granger sewer access. Currently featuring a 936 sq ft home and detached garage, the site is ideal for single-family, condominium, or multi-family development. The asking price is $395,000 ($94,724.22/acre), with annual property taxes of $2,488. APN: 71-05-17-101-001.000-011. This exceptional location and zoning make this a compelling investment for discerning developers.

Property profile
Verified
Property type Commercial real estate
Lot 4.17 ac (181,645 SF)
APN 71-05-17-101-001.000-011
UPID US31-1735086
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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