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12650 IN-23 12650 Adams Rd 4,008 SF of Retail Space Available in Granger, IN 46530
Highlights
- High Visibility
- Excellent visibility
- Great location on SR 23/Adams Rd. Granger
- Well maintained
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,008 SF | 18’ - 20’ | Negotiable | $16.19 CAD/SF/YR $1.35 CAD/SF/MO $64,878 CAD/YR $5,407 CAD/MO | Triple Net (NNN) |
1st Floor
Excellent lease opportunity on heavily traveled IN-23 in highly sought after Granger with great demographics. Rent is $4,000/month, NNN. There is a wide range of uses possible in this very well maintained and unique barn style retail property with just over 4,000 SF with high ceilings, spacious loft, multiple rooms great visibility, and plenty of parking. Great proximity, less than 1/4-mile West of the intersection of Bittersweet Road and IN-23, 3/4-mile from the State Line, less than 3 miles to the Indiana Toll Road interchange at IN-331/Capital Ave, 4 miles to the Grape Road/Main Street Shopping Corridor (one of the largest in the State of Indiana), and less than 7.5 miles to the University of Notre Dame. Taxes: $4,137.32. Tax Year: 2024.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Finished Ceilings: 18’ - 20’
- Great location
- High Visibility
- Well maintained
- Excellent visibility
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,008 SF | Gross Leasable Area | 4,008 SF |
| Property Type | Retail | Year Built | 1898 |
| Property Subtype | Freestanding | Parking Ratio | 6.24/1,000 SF |
| Total Space Available | 4,008 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,008 SF |
| Year Built | 1898 |
| Parking Ratio | 6.24/1,000 SF |
About the Property
Excellent lease opportunity on heavily traveled IN-23 in highly sought after Granger with great demographics. Rent is $4,000/month, NNN. There is a wide range of uses possible in this very well maintained and unique barn style retail property with just over 4,000 SF with high ceilings, spacious loft, multiple rooms great visibility, and plenty of parking. Great proximity, less than 1/4-mile West of the intersection of Bittersweet Road and IN-23, 3/4-mile from the State Line, less than 3 miles to the Indiana Toll Road interchange at IN-331/Capital Ave, 4 miles to the Grape Road/Main Street Shopping Corridor (one of the largest in the State of Indiana), and less than 7.5 miles to the University of Notre Dame. Taxes: $4,137.32. Tax Year: 2024 pay 2025.
Nearby Major Retailers
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12650 IN-23 | 12650 Adams Rd
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