Versatile Retail-Office
1312 W Lincoln Highway Schererville, IN 46375
For Sale
$698,500
SINGLE_FAMILY - Schererville, IN
Property Size3,850 SF
Lot Size0.93 Acres
Price / SF$181.43
Days on Market165
Property Features for 1312 W Lincoln Highway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking
- 7739
- Interior features
- Open Floorplan
- Standard status
- Active
- APN
- 451117126010000036
- Size
- 3,850 SF
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- E. 100 FT. OF W. 525 FT. OF PT NE NW N. OF LINCOLN HWY EX. N. 450.01 FT. S.17 T. 35 R.9 .93 AC
- Tax Annual Amount
- 6743
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1956
Listing Agency:
McCormick Real Estate, Inc.
(219) 663-9300
Listed By:
Jeff McCormick · License #RB14033291
(219) 613-5643
Added: Feb 8
Changed: Jul 18
Last Checked: Jul 23 at 4:06PM
MLS# 833760
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1312 W Lincoln Highway in Schererville, this versatile commercial building is positioned for business visibility along one of the area’s most heavily traveled corridors. The interior layout is flexible and can support office, medical, retail, or service-based operations, with parking and straightforward ingress/egress designed for everyday customer access.
The property’s frontage provides signage opportunities directly along US 30, supported by the corridor’s established mix of retail, dining, and service destinations. Its convenient access to the surrounding commercial area makes it well-suited for an operator looking for a professional presence with practical day-to-day usability.
The property’s frontage provides signage opportunities directly along US 30, supported by the corridor’s established mix of retail, dining, and service destinations. Its convenient access to the surrounding commercial area makes it well-suited for an operator looking for a professional presence with practical day-to-day usability.
Key Highlights
- High foot traffic location with strong income potential.
- Convenient, easy parking and excellent visibility near US‑30 & US‑41.
- Two private bathrooms.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $25.92 |
| − Vacancy | −$10.0k | −$2.59 |
| EGI | $89.8k | $23.33 |
| − OpEx | −$35.9k | −$9.33 |
| NOI | $53.9k | $14.00 |
3,850 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 7.71%
Second Best
Office B
$697.7K
$610.5K – $813.9K
NOI $48,836 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$1.07M
$940.4K – $1.25M
NOI $75,234 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Flexible building with parking, easy ingress/egress, and prominent signage options along a heavily traveled corridor.
Where is this storefront property located?
The property is located at 1312 W Lincoln Highway Schererville, IN.
What is the asking price?
The asking price for this property is $698,500.
What are key features of this property?
This property features: High foot traffic location with strong income potential.; Convenient, easy parking and excellent visibility near US‑30 & US‑41.; Two private bathrooms.
