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    40-124 Indianapolis Blvd Schererville, IN

    For Lease
    Contact for pricing

    4,160 SF retail space in Schererville shopping district.

    Property size:
    4,160 SF
    Lot size:
    9.70 Acres

    Property Features for 40-124 Indianapolis Blvd

    General Information

    Size
    4,160 SF
    Lot size
    9.70 Acres

    Source: Latitude Commercial Agent Myles Rapchak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Town Square

    This 4,160 square foot retail space is located within the Town Square Shopping Center, situated in the heart of the Schererville/Highland shopping district. The property was newly renovated in 2021. The location benefits from ample parking and good signage and visibility. Surrounding retailers include Whole Foods, Nordstrom Rack, Dick's Sporting Goods, Old Navy, and Shoe Carnival, among others. Traffic counts on US 41 are just under 35,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schererville
    County
    Lake
    State
    Indiana
    Longitude
    -87.4504888
    Latitude
    41.4831184

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    FAQs

    What type of property is this?
    Shopping center - 4,160 SF retail space in Schererville shopping district.
    Where is this shopping center located?
    The property is located at 40-124 Indianapolis Blvd Schererville, IN.
    What are key features of this property?
    This property features: - Located in the Heart of Schererville/Highland Shopping District; - 4,160 SF Retail Space in Town Square Shopping Center; - Ample Parking and great signage/visibility
    (219) 308-3553
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    40-124 Indianapolis Blvd Schererville, IN
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-124 Indianapolis Blvd Schererville, IN
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