7321 Heritage Square DrGranger, IN 46530

Property Details for 7321 Heritage Square Dr

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

17.90 AC

Property size (Sq ft)

13,487 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

71-04-22-351-014.000-036

APU

710422351014000036

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,489,474

  6.5%

  $3,221,053

  7%

  $2,990,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,426,838

  Geo Method

  $4,426,838

• Alternative Use

  Use

  Valuation

  Residential

  $2,717,078

  Hospitality

  $2,488,829

  Educational

  $2,070,677

  Medical

  $2,141,890

  Retail

  $3,221,053

Location Insight

City

Granger

County

St. Joseph

State

Indiana

Latitude

41.7266

Longitude

-86.1755

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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