51529-51541 Bittersweet Rd - Office FOR SALE


Granger, IN 46530
$1,200,000 USD
574-233-6141
51529-51541 Bittersweet Rd, Granger, IN for Sale
$1,200,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

NEW


51529-51541 Bittersweet Rd
Granger, IN 46530


HIGHLIGHTS

  • Flexible use of the warehouse
  • 6 storefronts - 100% occupied

OVERVIEW

This well-maintained commercial property offers a versatile investment opportunity featuring seven retail/office units plus a spacious warehouse currently operating as a fitness training facility. The warehouse space has a proven track record of adaptability, previously housing an HVAC company, making it suitable for a variety of commercial or industrial uses. The property has been consistently updated and carefully maintained, with major improvements including a new roof (2014), updated HVAC systems (2014–2018), and a complete parking lot tear-off and replacement (2012). Windows were replaced in phases, with half completed in 2018 and the remaining in early 2025. All units are clean, updated, and tenant-ready. Operational expenses are well-documented, providing transparency for investors. The property is serviced by well and septic (both original), with septic pumped annually and the well recently tested and approved during refinancing. The property also includes a prepaid connection for future city water and sewer hookup through St. Joseph County, offering long-term flexibility and added value. The parking lot is lighted for your convenience. With strong infrastructure, multiple income streams, and a history of consistent upkeep, this property is ideal for investors seeking a stable, income-producing asset with upside potential. Unit 51541 is currently broken into 3 suites with suite C being 2 rooms. Unit 51537 has a large area along with a storage room, break room and a private office. Units 51535 - 51541 have access to 2 bathrooms. Unit 51533 is currently used as a nail/lash/hair business. It has private rooms along with a general area and private bathroom. Unit 51529 is a massage business. This unit has a waiting area, private bath, laundry and 4 private rooms.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,621 SF

ZONING

Commercial

APN/PARCEL ID

71-05-18-326-005.000-011,71-05-18-326-006.000-011

ASK ABOUT THIS PROPERTY

Laurie LaDowCressy & Everett Real EstateMore Info
574-233-6141

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Laurie LaDowCressy & Everett Real EstateMore Info
574-233-6141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.