14154 Cleveland RdGranger, IN 46530

Property Details for 14154 Cleveland Rd

Year built

2011

Construction

WOOD

Lot size

1.59 AC

Property size (Sq ft)

7,572 SF

Property type

Retail space

APN

71-04-25-100-004.000-011

APU

710425100004000011

Description

This exceptional 18.89-acre commercial land parcel presents a remarkable investment opportunity in Granger, Indiana. Strategically located at the intersection of Cleveland Road and Capital Avenue, this property benefits from its position within the rapidly developing Capital Avenue corridor. Less than a mile from the I-80/90 Toll Road Interchange, this site enjoys unparalleled access and visibility. Its proximity to the future Gurley Leep Automotive Campus and the new 150-acre Juday Creek Business Park, which will include retail, multi-family, office, light medical, hotels, and big-box hospitality, ensures significant future growth and development potential. The property is also adjacent to the north of the Juday Creek Business Park. This location places the land within the expanding University Park Mall Retail Trade Area, the second busiest in Indiana, extending its reach towards Granger and its desirable demographics. The recent Microsoft acquisition of 900 acres nearby for a new data center further solidifies the area's burgeoning economic strength. This prime corner lot offers a myriad of development possibilities, shadow-anchored by a new regional draw for the South Bend/Mishawaka community, making it an ideal location for a variety of commercial ventures. The property is located at 14154 Cleveland Rd, Granger, IN 46530, within St. Joseph County. The asking price is $6,464,250.

• CAP approach

  CAP return

  Valuation

  6%

  $1,959,524

  6.5%

  $1,808,792

  7%

  $1,679,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,485,358

  Geo Method

  $2,485,358

• Alternative Use

  Use

  Valuation

  Residential

  $1,525,784

  Hospitality

  $1,397,610

  Educational

  $1,162,795

  Medical

  $1,202,785

  Retail

  $1,808,792

Location Insight

City

Granger

County

St. Joseph

State

Indiana

Latitude

41.7237

Longitude

-86.1396

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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