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Property profile & analytics
FOR SALE
Commercial real estate

15199 Cleveland Rd Granger, IN 46530

Property ID
US31-2342021
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US31-2342021
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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