12650 IN-23 | 12650 Adams Rd
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12650 IN-23 12650 Adams Rd
4,008 SF Retail Building Granger, IN 46530 $895,000 ($223.30/SF)
INVESTMENT HIGHLIGHTS
- High Visibility on SR 23/Adams Rd.
- Near the Intersection of SR 23 and Bittersweet Rd.
- High retail and restaurant area
EXECUTIVE SUMMARY
FOR SALE OR FOR LEASE! (Please see separate listing "For Lease" for complete lease information and marketing). Unique barn type retail property located on highly desirable State Road 23 in Granger. Approx. 4,008 SF and currently operating as an embroidery and home decor store. Traditional barn style with high ceilings and loft. Property is located in a high retail and restaurant area on Adams Rd./State Road 23 in Granger, near the corner of SR 23 and Bittersweet Rd. intersection. Located 10 miles or less from Mishawaka, South Bend and Elkhart. Only 5 minutes from the Indiana Toll Road and 10 miles from the US 20 Bypass. Zoned County C: Commercial. Taxes: $3,893.84 (2023).
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$3,893
|
$0.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,893
|
$0.97
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $3,893 |
| Annual Per SF | $0.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,893 |
| Annual Per SF | $0.97 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,008 SF
Building Class
C
Year Built
1898
Price
$895,000
Price Per SF
$223.30
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.61 AC
Zoning
County C: Commercial - County C: Commercial
Parking
25 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
89’ on Adams Rd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,008 SF
- Retail
- -
- 120 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,008 SF | Retail | - | 120 Days |
1st Floor
| Size |
| 4,008 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 71-05-18-126-003.000-011 | Total Assessment | $220,200 |
| Land Assessment | $172,600 | Annual Taxes | $3,893 ($0.97/SF) |
| Improvements Assessment | $47,600 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
71-05-18-126-003.000-011
Land Assessment
$172,600
Improvements Assessment
$47,600
Total Assessment
$220,200
Annual Taxes
$3,893 ($0.97/SF)
Tax Year
2023 Payable 2024
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12650 IN-23 | 12650 Adams Rd
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