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51529-51541 Bittersweet Rd 9,828 SF 100% Leased Office Building Granger, IN 46530 $1,641,240 CAD ($167.00 CAD/SF)



Investment Highlights
- Flexible use of the warehouse
- 6 storefronts - 100% occupied
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,828 SF
Building Class
C
Year Built
1987
Price
$1,641,240 CAD
Price Per SF
$167.00 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,828 SF
Slab To Slab
10’
Building FAR
0.13
Lot Size
1.80 AC
Zoning
Commercial - Commercial
Parking
13 Spaces (1.32 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advanced Pri Care
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Compassion Suite A & B
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Compassion Suite C
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- DLX
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Granger Massage Retreat
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Madwax
- Services
-
99,999 SF
-
$9.99
- -
-
Jan 0000
- Naillash
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advanced Pri Care | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Compassion Suite A & B | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Compassion Suite C | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| DLX | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Granger Massage Retreat | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Madwax | Services | 99,999 SF | $9.99 | - | Jan 0000 | |
| Naillash | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $751,560 CAD | |
| Land Assessment | $344,619 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $406,941 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$344,619 CAD
Improvements Assessment
$406,941 CAD
Total Assessment
$751,560 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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51529-51541 Bittersweet Rd
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