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Property profile & analytics
OFF-MARKET
Strip malls

7321 Heritage Sq Dr Granger, IN 46530-5660

13,487 SF 17.9 ac lot Built 2007
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1913937
Property summary
AI-generated overview

Heritage Square Shopping Center, located at 7321 Heritage Square Dr, Granger, IN 46530, presents a unique opportunity for businesses seeking high-visibility retail space. This 188,000 square foot open-air lifestyle center boasts a prime location within a densely populated area exhibiting stable population growth and high household incomes. Strategically situated on the Grape Road/Main Street corridor, it benefits from exceptional visibility and accessibility. The center is anchored by a gourmet grocery store and features a strong tenant mix including established brands such as White House/Black Market, Eddie Bauer, Starbucks, Orange Theory, and Uptown Kitchen. Multiple spaces are available, offering flexibility for various business needs. Units range in size from a minimum of 1,000 square feet to a maximum contiguous space of 2,063 square feet, with five spaces currently available. The property's ideal location within a thriving community, combined with its impressive tenant lineup, makes it an exceptional investment opportunity for discerning businesses seeking a high-traffic, high-income demographic. This is an established center with a proven track record of success, offering a ready-made customer base and a vibrant atmosphere. Contact us today to learn more about the available spaces and explore the potential of establishing your business in this premier retail destination.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 13,487 SF
Lot 17.9 ac (779,724 SF)
APN 71-04-22-351-014.000-036
UPID US31-1913937
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
Current use
Occupant on record · Public records
  • Twin city beauty college Vocational School Training Center
  • Rivian Charging Station Electric Vehicle Charging Station
  • Extract Consultants Chemical Plant Cosmetic Store
  • Tulip City Beauty School Vocational School Training Center
  • Royal Seafood House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Heritage Sq Hotel Partners LP · 12 yrs held
Heritage Sq Hotel Partners LP
since 2013
6 recorded transactions
2017
Price N/A
2013
Price N/A
2012
Price N/A
2011
Price N/A
2008
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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