15199 Cleveland Rd Granger, IN 46530
For Sale
1 / 2
This exceptional 485,258 square foot industrial land parcel presents a compelling investment or development opportunity in Granger, Indiana. Located at 15199 Cleveland Road, this 11+ acre site boasts excellent access to major transportation arteries, including the Indiana Toll Road (just one mile away). Utilities are readily available, with water on-site and sewer nearby. Currently zoned residential, the property offers significant potential for annexation into the city. Its strategic location provides unparalleled convenience, with close proximity to key amenities. Within a half-mile radius lies the Heritage Square Shopping Center, while Costco is just one mile away. University Park Mall and the Grape Rd./Main St. Shopping District are a short two-mile drive, and the prestigious University of Notre Dame is conveniently located five miles from the property. The 2022 property taxes were $2,430.32. The property is served by the Penn-Harris-Madison School Corporation. This remarkable site offers an unparalleled chance to capitalize on the area's robust growth and development. The asking price for this significant land holding is $1,550,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.